Whirlpool (WHR) Upgraded at ValuEngine
ValuEngine upgraded shares of Whirlpool (NYSE:WHR) from a hold rating to a buy rating in a report released on Tuesday morning.
A number of other research analysts have also recently commented on WHR. Zacks Investment Research upgraded Whirlpool from a sell rating to a hold rating in a research report on Thursday, October 5th. Credit Suisse Group set a $187.00 price target on Whirlpool and gave the stock a neutral rating in a research report on Tuesday, October 24th. Royal Bank Of Canada lowered Whirlpool from a top pick rating to a sector perform rating and reduced their price objective for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. MKM Partners set a $177.00 price objective on Whirlpool and gave the company a hold rating in a research note on Friday, October 6th. Finally, Bank of America lowered Whirlpool from a buy rating to a neutral rating and set a $183.00 price objective on the stock. in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Whirlpool presently has an average rating of Hold and an average target price of $183.60.
Whirlpool (WHR) traded up $1.38 during mid-day trading on Tuesday, reaching $170.49. The company’s stock had a trading volume of 742,800 shares, compared to its average volume of 850,103. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The company has a market cap of $12,210.00, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87. Whirlpool has a 1 year low of $158.80 and a 1 year high of $202.99.
Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.66 EPS. equities research analysts expect that Whirlpool will post 13.7 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, November 16th. Whirlpool’s dividend payout ratio (DPR) is presently 41.51%.
A number of large investors have recently added to or reduced their stakes in WHR. Epoch Investment Partners Inc. acquired a new stake in shares of Whirlpool during the third quarter valued at about $75,398,000. Harris Associates L P boosted its stake in shares of Whirlpool by 12.5% during the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock valued at $417,892,000 after purchasing an additional 241,659 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Whirlpool by 136.1% during the second quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock valued at $77,673,000 after purchasing an additional 233,661 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Whirlpool by 72.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock valued at $85,157,000 after purchasing an additional 194,739 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Whirlpool by 667.5% during the third quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock valued at $30,555,000 after purchasing an additional 144,086 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
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Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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