MKM Partners Initiates Coverage on Whirlpool Corp. (WHR)
Stock analysts at MKM Partners began coverage on shares of Whirlpool Corp. (NYSE:WHR) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $183.00 price target on the stock. MKM Partners’ price target would indicate a potential upside of 22.83% from the stock’s previous close.
The analysts wrote, “We are initiating coverage of Whirlpool (WHR) with a Buy rating and a $183 price target. While WHR has outperformed its building products peers and the S&P 500 this year, we believe there is still upside to earnings and valuation that provide a compelling investment opportunity over the next 12 months.”
In other Whirlpool Corp. news, Director Michael White sold 9,337 shares of Whirlpool Corp. stock on the open market in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $153.42, for a total value of $1,432,482.54. Following the sale, the director now directly owns 2,700 shares in the company, valued at approximately $414,234. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
WHR has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Whirlpool Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, November 19th. They now have a $150.00 price target on the stock. Separately, analysts at Longbow Research reiterated a “buy” rating on shares of Whirlpool Corp. in a research note to investors on Thursday, November 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Whirlpool Corp. in a research note to investors on Wednesday, October 30th. They now have a $156.00 price target on the stock. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Whirlpool Corp. presently has an average rating of “Buy” and an average target price of $159.33.
Whirlpool Corp. (NYSE:WHR) traded down 1.11% during mid-day trading on Wednesday, hitting $147.34. 359,498 shares of the company’s stock traded hands. Whirlpool Corp. has a 52 week low of $96.55 and a 52 week high of $154.43. The stock’s 50-day moving average is $145.7 and its 200-day moving average is $134.4. The company has a market cap of $11.565 billion and a P/E ratio of 15.68.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Tuesday, October 22nd. The company reported $2.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.61 by $0.11. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Whirlpool Corp. will post $10.08 earnings per share for the current fiscal year.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.