A number of other research analysts have also recently commented on WBT. Barclays reissued a buy rating and set a $20.00 target price on shares of Welbilt in a research report on Wednesday, October 16th. BMO Capital Markets assumed coverage on shares of Welbilt in a research note on Friday, October 18th. They issued a market perform rating and a $19.00 target price for the company. Zacks Investment Research lowered shares of Welbilt from a hold rating to a sell rating in a report on Saturday, November 9th. Finally, Buckingham Research downgraded shares of Welbilt from a buy rating to a neutral rating and dropped their price target for the stock from $24.00 to $17.00 in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Welbilt currently has an average rating of Hold and a consensus target price of $18.40.
NYSE WBT opened at $14.06 on Tuesday. Welbilt has a one year low of $14.02 and a one year high of $19.81. The company’s 50 day moving average price is $15.21 and its 200 day moving average price is $16.35. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.10 and a current ratio of 1.71. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 21.18 and a beta of 1.57.
Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.
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