JPMorgan Chase & Co. Increases Whirlpool Corp. Price Target to $151.00 (WHR)
Equities research analysts at JPMorgan Chase & Co. raised their price objective on shares of Whirlpool Corp. (NYSE:WHR) from $135.00 to $151.00 in a research note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 10.92% from the company’s current price.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 1.54% on Wednesday, hitting $136.13. 1,120,550 shares of the company’s stock traded hands. Whirlpool Corp. has a one year low of $82.87 and a one year high of $151.84. The stock has a 50-day moving average of $138.1 and a 200-day moving average of $126.9. The company has a market cap of $10.791 billion and a P/E ratio of 16.67.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings data on Friday, July 19th. The company reported $2.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.36 by $0.01. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Whirlpool Corp. will post $10.06 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Whirlpool Corp. in a research note to investors on Thursday, September 19th. They now have a $175.00 price target on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Whirlpool Corp. in a research note to investors on Wednesday, September 18th. They now have a $138.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Whirlpool Corp. currently has a consensus rating of “Buy” and a consensus target price of $141.14.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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