Whirlpool Corporation (NYSE:WHR) Receives Average Recommendation of “Reduce” from Analysts

by · The Cerbat Gem

Shares of Whirlpool Corporation (NYSE:WHR – Get Free Report) have been assigned a consensus rating of “Reduce” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $86.4286.

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

Get Our Latest Report on WHR

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cheviot Value Management LLC bought a new stake in Whirlpool in the 1st quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after purchasing an additional 208 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Whirlpool in the first quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Whirlpool by 1,444.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 556 shares of the company’s stock worth $44,000 after purchasing an additional 520 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in Whirlpool by 77.2% in the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 244 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Price Performance

Whirlpool stock opened at $80.88 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.47 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $4.54 billion, a P/E ratio of -24.07 and a beta of 1.21. The business has a 50-day moving average of $73.83 and a 200-day moving average of $84.82. Whirlpool has a 1 year low of $65.35 and a 1 year high of $135.49.

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

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, November 21st. Whirlpool’s dividend payout ratio is -107.14%.

About Whirlpool

(Get Free Report)

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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