Welbilt Inc (NYSE:WBT) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.40.
A number of brokerages have recently weighed in on WBT. Barclays began coverage on shares of Welbilt in a research note on Tuesday, December 12th. They set an “overweight” rating and a $25.00 price objective for the company. Zacks Investment Research raised shares of Welbilt from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Saturday, January 13th.
Welbilt (WBT) opened at $20.75 on Monday. The company has a debt-to-equity ratio of 29.38, a quick ratio of 0.79 and a current ratio of 1.35. Welbilt has a 12 month low of $17.55 and a 12 month high of $23.77. The firm has a market cap of $2,893.50, a P/E ratio of 32.42, a PEG ratio of 2.20 and a beta of 0.91.
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Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.
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