Shares of Whirlpool Co. (NYSE:WHR) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $189.40.
WHR has been the subject of a number of analyst reports. Zacks Investment Research cut Whirlpool from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. ValuEngine raised Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Royal Bank of Canada cut Whirlpool from a “top pick” rating to a “sector perform” rating and reduced their price target for the stock from $209.00 to $184.00 in a report on Tuesday, October 24th. UBS Group raised Whirlpool from a “market perform” rating to an “outperform” rating in a report on Friday, January 26th. Finally, Raymond James Financial raised Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Friday, January 26th.
Institutional investors have recently made changes to their positions in the business. NuWave Investment Management LLC acquired a new position in shares of Whirlpool during the fourth quarter valued at approximately $101,000. Valeo Financial Advisors LLC acquired a new position in shares of Whirlpool during the third quarter valued at approximately $129,000. Cerebellum GP LLC acquired a new position in shares of Whirlpool during the fourth quarter valued at approximately $128,000. Westwood Holdings Group Inc. acquired a new position in shares of Whirlpool during the second quarter valued at approximately $153,000. Finally, Clear Perspective Advisors LLC raised its holdings in shares of Whirlpool by 74.6% during the fourth quarter. Clear Perspective Advisors LLC now owns 1,170 shares of the company’s stock valued at $197,000 after acquiring an additional 500 shares during the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.
Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, January 24th. The company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.09. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. Whirlpool’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.33 EPS. equities analysts anticipate that Whirlpool will post 15.32 EPS for the current fiscal year.
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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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