Whirlpool (NYSE:WHR – Get Rating) had its price objective lifted by equities research analysts at Royal Bank of Canada from $108.00 to $118.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has an "underperform" rating on the stock. Royal Bank of Canada's target price suggests a potential downside of 25.76% from the stock's current price.
Several other research analysts have also issued reports on WHR. Credit Suisse Group reduced their target price on Whirlpool to $157.00 in a research report on Thursday, October 20th. StockNews.com cut Whirlpool from a "hold" rating to a "sell" rating in a report on Tuesday. Bank of America cut Whirlpool from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $155.00 to $119.00 in a report on Wednesday, October 26th. JPMorgan Chase & Co. reduced their target price on Whirlpool from $145.00 to $137.00 and set a "neutral" rating for the company in a report on Tuesday, December 20th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $160.00 price target on shares of Whirlpool in a report on Thursday, November 17th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $144.00.
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Whirlpool Price Performance
Shares of WHR stock opened at $158.95 on Wednesday. Whirlpool has a twelve month low of $124.43 and a twelve month high of $210.99. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of -5.67 and a beta of 1.50. The stock has a fifty day simple moving average of $147.46 and a two-hundred day simple moving average of $150.20. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 2.94.
Whirlpool (NYSE:WHR – Get Rating) last issued its earnings results on Tuesday, January 31st. The company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.60. The business had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.92 billion. Whirlpool had a positive return on equity of 27.98% and a negative net
margin of 7.71%. The business's revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.14 EPS. On average, analysts predict that Whirlpool will post 16.22 EPS for the current fiscal year.
Institutional Trading of Whirlpool
A number of institutional investors have recently bought and sold shares of WHR. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Whirlpool by 3.6% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company's stock worth $266,000 after purchasing an additional 60 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Whirlpool by 30.4% during the second quarter. Geneos Wealth Management Inc. now owns 266 shares of the company's stock worth $41,000 after purchasing an additional 62 shares in the last quarter. Rowland & Co. Investment Counsel ADV increased its position in Whirlpool by 3.3% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 2,210 shares of the company's stock valued at $298,000 after acquiring an additional 70 shares during the period. Procyon Advisors LLC increased its position in Whirlpool by 1.9% in the 4th quarter. Procyon Advisors LLC now owns 3,702 shares of the company's stock valued at $524,000 after acquiring an additional 70 shares during the period. Finally, Empirical Finance LLC increased its position in Whirlpool by 2.3% in the 2nd quarter. Empirical Finance LLC now owns 3,452 shares of the company's stock valued at $535,000 after acquiring an additional 77 shares during the period. 92.14% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Company Profile
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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm's brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.
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