Whirlpool (NYSE:WHR)‘s stock had its “hold” rating restated by stock analysts at Raymond James in a note issued to investors on Wednesday, TipRanks reports.
A number of other analysts also recently weighed in on the stock. Goldman Sachs Group initiated coverage on shares of Whirlpool in a report on Friday, December 6th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Whirlpool from $129.00 to $136.00 and gave the company an “underperform” rating in a research note on Wednesday, January 29th. ValuEngine downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Deutsche Bank dropped their price objective on shares of Whirlpool from $158.00 to $94.00 and set a “hold” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $149.88.
Shares of Whirlpool stock opened at $83.20 on Wednesday. The company has a 50 day moving average of $125.43 and a 200-day moving average of $144.19. Whirlpool has a 1-year low of $64.00 and a 1-year high of $163.64. The company has a current ratio of 0.88, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. The company has a market cap of $5.22 billion, a PE ratio of 4.51, a price-to-earnings-growth ratio of 0.33 and a beta of 1.75.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, January 27th. The company reported $4.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.30 by $0.61. Whirlpool had a net margin of 5.80% and a return on equity of 26.57%. The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the firm posted $4.75 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Research analysts forecast that Whirlpool will post 14.99 earnings per share for the current year.
In other Whirlpool news, Director Gary T. Dicamillo sold 2,790 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $147.48, for a total value of $411,469.20. Following the completion of the transaction, the director now directly owns 5,834 shares in the company, valued at approximately $860,398.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shengpo Wu purchased 500 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $101.00 per share, with a total value of $50,500.00. Following the completion of the transaction, the executive vice president now owns 7,148 shares in the company, valued at approximately $721,948. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in WHR. Boston Partners increased its position in Whirlpool by 170.4% in the 4th quarter. Boston Partners now owns 2,022,232 shares of the company’s stock valued at $298,352,000 after acquiring an additional 1,274,274 shares during the period. Norges Bank acquired a new position in Whirlpool in the 4th quarter valued at approximately $97,260,000. AQR Capital Management LLC increased its position in Whirlpool by 194.5% in the 4th quarter. AQR Capital Management LLC now owns 698,231 shares of the company’s stock valued at $102,996,000 after acquiring an additional 461,178 shares during the period. Goldman Sachs Group Inc. increased its position in Whirlpool by 72.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 552,204 shares of the company’s stock valued at $81,466,000 after acquiring an additional 232,616 shares during the period. Finally, Hexavest Inc. acquired a new position in Whirlpool in the 4th quarter valued at approximately $29,292,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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