Whirlpool Co. (NYSE:WHR) has been given an average rating of “Hold” by the eight brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $183.60.
Several analysts have issued reports on the stock. ValuEngine raised shares of Whirlpool from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Credit Suisse Group set a $187.00 target price on shares of Whirlpool and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank of Canada downgraded shares of Whirlpool from a “top pick” rating to a “sector perform” rating and cut their target price for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 target price on shares of Whirlpool and gave the company a “hold” rating in a research note on Friday, October 6th.
Several hedge funds and other institutional investors have recently bought and sold shares of WHR. Sun Life Financial INC increased its stake in shares of Whirlpool 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 acquiring an additional 534 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Whirlpool 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 acquiring an additional 135 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Whirlpool in the third quarter worth $129,000. Westwood Holdings Group Inc. acquired a new position in shares of Whirlpool in the second quarter worth $153,000. Finally, WESPAC Advisors SoCal LLC acquired a new position in shares of Whirlpool in the second quarter worth $191,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Whirlpool (NYSE:WHR) last announced its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm earned $3.66 earnings per share. Whirlpool’s revenue for the quarter was up 3.2% compared to the same quarter last year. analysts expect that Whirlpool will post 13.68 EPS for the current year.
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Whirlpool 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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