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Equities research analysts at Sterne Agee initiated coverage on shares of Whirlpool (NYSE:WHR) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Whirlpool (NYSE:WHR) traded down 1.33% on Wednesday, hitting $141.59. The stock had a trading volume of 985,819 shares. Whirlpool has a 1-year low of $107.88 and a 1-year high of $160.01. The stock’s 50-day moving average is $149.5 and its 200-day moving average is $147.9. The company has a market cap of $11.007 billion and a P/E ratio of 15.69.

Whirlpool (NYSE:WHR) last announced its earnings results on Friday, April 25th. The company reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by $0.13. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Whirlpool will post $12.29 earnings per share for the current fiscal year.

WHR has been the subject of a number of other recent research reports. Analysts at Longbow Research downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $187.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Whirlpool in a research note on Thursday, May 8th. They now have a $159.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $152.00 to $160.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $164.86.

Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.

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