MKM Partners Analysts Give Whirlpool Corporation (WHR) a $177.00 Price Target
Whirlpool Corporation (NYSE:WHR) has been assigned a $177.00 target price by equities researchers at MKM Partners in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. MKM Partners’ price target would suggest a potential downside of 3.51% from the company’s previous close.
A number of other brokerages have also issued reports on WHR. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday. BidaskClub lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group AG started coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $193.33.
Shares of Whirlpool Corporation (NYSE:WHR) traded down 0.848% during midday trading on Friday, reaching $181.885. 242,407 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $174.18 and its 200 day moving average price is $180.25. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a market capitalization of $13.27 billion, a PE ratio of 18.205 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.19). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the business earned $3.50 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, Director William D. Perez purchased 1,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.69% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Dupont Capital Management Corp bought a new stake in Whirlpool Corporation in the second quarter worth $100,000. Sun Life Financial INC lifted its position in Whirlpool Corporation by 7,628.6% in the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after buying an additional 534 shares during the last quarter. IFP Advisors Inc lifted its position in Whirlpool Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Whirlpool Corporation by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after buying an additional 135 shares during the last quarter. Finally, FineMark National Bank & Trust lifted its position in Whirlpool Corporation by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. Institutional investors own 91.47% of the company’s stock.
Whirlpool Corporation Company Profile
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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