Whirlpool (NYSE:WHR) PT Lowered to $79.00

Whirlpool (NYSE:WHR) had its price objective reduced by Royal Bank of Canada from $85.00 to $79.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential downside of 16.49% from the company’s previous close.

A number of other equities analysts also recently commented on WHR. TheStreet raised shares of Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. StockNews.com raised shares of Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Finally, Loop Capital initiated coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.40.

Whirlpool Stock Performance

NYSE:WHR opened at $94.60 on Friday. The company’s 50-day moving average price is $109.14 and its 200-day moving average price is $112.68. The company has a current ratio of 0.95, a quick ratio of 0.57 and a debt-to-equity ratio of 2.56. The company has a market cap of $5.17 billion, a P/E ratio of 13.03 and a beta of 1.48. Whirlpool has a twelve month low of $91.90 and a twelve month high of $160.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.17. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.66 earnings per share. On average, sell-side analysts forecast that Whirlpool will post 13.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC increased its stake in Whirlpool by 27.2% during the 3rd quarter. CWM LLC now owns 576 shares of the company’s stock worth $77,000 after buying an additional 123 shares during the period. Global Retirement Partners LLC increased its stake in Whirlpool by 160.0% during the 3rd quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after buying an additional 136 shares during the period. DAVENPORT & Co LLC increased its stake in Whirlpool by 14.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,310 shares of the company’s stock worth $309,000 after buying an additional 300 shares during the period. Czech National Bank increased its stake in Whirlpool by 47.8% during the 3rd quarter. Czech National Bank now owns 9,582 shares of the company’s stock worth $1,281,000 after buying an additional 3,100 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Whirlpool by 1.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 20,816 shares of the company’s stock worth $2,783,000 after buying an additional 198 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.