Whirlpool Corp. Rating Reiterated by Longbow Research (WHR)
Whirlpool Corp. (NYSE:WHR)‘s stock had its “buy” rating restated by investment analysts at Longbow Research in a note issued to investors on Monday, American Banking News reports. They currently have a $187.00 price objective on the stock. Longbow Research’s price objective points to a potential upside of 33.17% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Whirlpool Corp. from $135.00 to $151.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $147.29.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 5.63% on Monday, hitting $132.52. 2,182,004 shares of the company’s stock traded hands. Whirlpool Corp. has a 52-week low of $83.32 and a 52-week high of $151.84. The stock has a 50-day moving average of $138.6 and a 200-day moving average of $127.3. The company has a market cap of $10.505 billion and a P/E ratio of 17.46.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results 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 prior year, the company posted $1.55 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Whirlpool Corp. will post $10.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.78%.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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