Whirlpool (NYSE:WHR) Raised to Hold at Wall Street Zen

Whirlpool (NYSE:WHRGet Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other equities analysts also recently issued reports about the company. Bank of America upgraded Whirlpool from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $68.00 to $94.00 in a research report on Friday, June 13th. Royal Bank Of Canada decreased their price target on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and an average target price of $99.25.

Get Our Latest Analysis on WHR

Whirlpool Stock Performance

Shares of WHR stock opened at $94.02 on Friday. Whirlpool has a 52-week low of $73.72 and a 52-week high of $135.49. The company has a quick ratio of 0.40, a current ratio of 0.72 and a debt-to-equity ratio of 1.71. The stock’s 50-day moving average price is $81.65 and its 200 day moving average price is $97.39. The stock has a market capitalization of $5.23 billion, a PE ratio of 671.56 and a beta of 1.18.

Whirlpool (NYSE:WHRGet Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. Whirlpool’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. As a group, equities research analysts forecast that Whirlpool will post 9.52 EPS for the current year.

Institutional Trading of Whirlpool

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of Whirlpool by 17.3% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $76,000 after purchasing an additional 98 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Whirlpool by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 13,100 shares of the company’s stock worth $1,500,000 after buying an additional 100 shares during the last quarter. HM Payson & Co. lifted its holdings in Whirlpool by 2.9% in the 4th quarter. HM Payson & Co. now owns 3,523 shares of the company’s stock worth $403,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Whirlpool by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,266 shares of the company’s stock worth $1,290,000 after buying an additional 116 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its holdings in Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. 90.78% of the stock is currently owned by institutional investors.

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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