Brokerages Set Whirlpool Co. (WHR) PT at $173.43

Whirlpool Co. (NYSE:WHR) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $173.43.

WHR has been the topic of several research reports. Royal Bank of Canada set a $184.00 target price on Whirlpool and gave the company a “hold” rating in a research note on Monday, April 23rd. Credit Suisse Group set a $165.00 target price on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, April 24th. Goldman Sachs Group lowered their target price on Whirlpool to $130.00 and set a “sell” rating on the stock in a research note on Wednesday, April 25th. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Finally, MKM Partners boosted their target price on Whirlpool to $179.00 and gave the company a “neutral” rating in a research note on Friday, April 27th.

In related news, Director Diane M. Dietz acquired 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were bought at an average cost of $124.26 per share, for a total transaction of $198,816.00. Following the purchase, the director now owns 8,339 shares in the company, valued at approximately $1,036,204.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.83% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Community Financial Services Group LLC raised its stake in shares of Whirlpool by 2.4% during the 2nd quarter. Community Financial Services Group LLC now owns 26,646 shares of the company’s stock valued at $3,897,000 after purchasing an additional 625 shares during the period. Levin Capital Strategies L.P. raised its stake in shares of Whirlpool by 13.1% during the 2nd quarter. Levin Capital Strategies L.P. now owns 825,876 shares of the company’s stock valued at $120,768,000 after purchasing an additional 95,405 shares during the period. Bank of Montreal Can bought a new stake in shares of Whirlpool during the 2nd quarter valued at $9,368,000. Cubic Asset Management LLC raised its stake in shares of Whirlpool by 2,386.2% during the 2nd quarter. Cubic Asset Management LLC now owns 40,400 shares of the company’s stock valued at $5,908,000 after purchasing an additional 38,775 shares during the period. Finally, Abner Herrman & Brock LLC raised its stake in shares of Whirlpool by 70.0% during the 2nd quarter. Abner Herrman & Brock LLC now owns 60,198 shares of the company’s stock valued at $8,803,000 after purchasing an additional 24,788 shares during the period. Institutional investors own 97.51% of the company’s stock.

Shares of WHR traded up $3.12 during mid-day trading on Thursday, hitting $127.66. The stock had a trading volume of 826,200 shares, compared to its average volume of 1,303,085. The firm has a market cap of $8.22 billion, a PE ratio of 9.19, a PEG ratio of 0.97 and a beta of 1.59. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.92 and a quick ratio of 0.59. Whirlpool has a 52 week low of $122.20 and a 52 week high of $190.73.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 23rd. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.43). The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.29 billion. Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.35 earnings per share. sell-side analysts anticipate that Whirlpool will post 14.2 earnings per share for the current fiscal year.

About Whirlpool

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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

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