Whirlpool Corporation (WHR) Given a $187.00 Price Target by Credit Suisse Group Analysts
Whirlpool Corporation (NYSE:WHR) has been assigned a $187.00 target price by equities research analysts at Credit Suisse Group in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 2.47% from the company’s previous close.
Other equities analysts also recently issued reports about the company. BidaskClub downgraded Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $209.00 price objective on shares of Whirlpool Corporation in a research report on Tuesday, October 10th. ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, MKM Partners set a $177.00 price objective on Whirlpool Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Whirlpool Corporation has an average rating of “Hold” and a consensus price target of $184.29.
Shares of Whirlpool Corporation (NYSE:WHR) traded down 10.9511% during trading on Tuesday, hitting $162.5143. The stock had a trading volume of 8,544,872 shares. The firm’s 50-day moving average is $177.35 and its 200-day moving average is $181.18. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a market cap of $11.86 billion, a P/E ratio of 16.2661 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.66 earnings per share. Equities research analysts forecast that Whirlpool Corporation will post $14.62 EPS for the current year.
Whirlpool Corporation announced that its board has authorized a share repurchase program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to purchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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In other news, Director William D. Perez bought 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was purchased 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 of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.69% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Whirlpool Corporation by 0.3% in the second quarter. Vanguard Group Inc. now owns 7,314,502 shares of the company’s stock worth $1,401,605,000 after purchasing an additional 23,724 shares during the period. BlackRock Inc. increased its holdings in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares in the last quarter. State Street Corp increased its holdings in shares of Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock valued at $618,757,000 after buying an additional 60,274 shares in the last quarter. Greenhaven Associates Inc. increased its holdings in shares of Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after buying an additional 17,280 shares in the last quarter. Finally, Harris Associates L P increased its holdings in shares of Whirlpool Corporation by 12.5% in the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock valued at $417,892,000 after buying an additional 241,659 shares in the last quarter. Hedge funds and other institutional investors own 91.52% 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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