Analysts Set Whirlpool Corporation (NYSE:WHR) Price Target at $86.43

by · The Cerbat Gem

Whirlpool Corporation (NYSE:WHR – Get Free Report) has been given an average rating of “Reduce” by the nine analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $86.4286.

Several equities research analysts have recently issued reports on WHR shares. The Goldman Sachs Group decreased their price objective on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a research note on Wednesday, October 29th. Stifel Nicolaus cut their price objective on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th.

Check Out Our Latest Stock Analysis on WHR

Whirlpool Stock Up 0.7%

Whirlpool stock opened at $72.07 on Monday. The stock’s 50 day moving average price is $73.59 and its 200 day moving average price is $84.40. Whirlpool has a 1-year low of $65.35 and a 1-year high of $135.49. The company has a market cap of $4.05 billion, a PE ratio of -21.45 and a beta of 1.21. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.47.

Whirlpool (NYSE:WHR – Get Free Report) last announced its quarterly earnings results on Monday, October 27th. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.41 by $0.68. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.43 EPS. On average, sell-side analysts predict that Whirlpool will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a dividend of $0.90 per share. The ex-dividend date was Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.0%. Whirlpool’s payout ratio is presently -107.14%.

Institutional Investors Weigh In On Whirlpool

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Whirlpool by 1,444.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 556 shares of the company’s stock valued at $44,000 after buying an additional 520 shares during the last quarter. Advisory Services Network LLC increased its position in Whirlpool by 2.8% in the 3rd quarter. Advisory Services Network LLC now owns 36,108 shares of the company’s stock valued at $2,838,000 after acquiring an additional 977 shares during the period. Abel Hall LLC raised its stake in Whirlpool by 1.4% during the 3rd quarter. Abel Hall LLC now owns 12,044 shares of the company’s stock valued at $947,000 after acquiring an additional 162 shares in the last quarter. Synergy Financial Group LTD boosted its position in Whirlpool by 8.4% during the 3rd quarter. Synergy Financial Group LTD now owns 2,563 shares of the company’s stock worth $201,000 after acquiring an additional 199 shares during the period. Finally, Armistice Capital LLC bought a new stake in shares of Whirlpool during the third quarter valued at about $415,000. 90.78% of the stock is owned by institutional investors and hedge funds.

About Whirlpool

(Get Free Report)

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.

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