Whirlpool (NYSE:WHR) Coverage Initiated at Bank of America

Bank of America started coverage on shares of Whirlpool (NYSE:WHR) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm issued an underperform rating and a $88.00 target price on the stock.

Several other equities analysts have also recently issued reports on WHR. StockNews.com cut shares of Whirlpool from a buy rating to a hold rating in a research note on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $79.00 to $76.00 and set an underperform rating for the company in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $103.75.

Whirlpool Trading Down 1.9 %

NYSE WHR opened at $96.76 on Tuesday. The company has a fifty day moving average of $97.22 and a 200 day moving average of $103.11. The company has a market capitalization of $5.31 billion, a PE ratio of 13.33 and a beta of 1.44. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58. Whirlpool has a 1 year low of $84.18 and a 1 year high of $145.07.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting analysts’ consensus estimates of $2.39. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The company’s revenue was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.21 earnings per share. Research analysts forecast that Whirlpool will post 11.31 earnings per share for the current year.

Institutional Trading of Whirlpool

Several institutional investors have recently modified their holdings of WHR. V Square Quantitative Management LLC lifted its stake in Whirlpool by 5.9% in the 4th quarter. V Square Quantitative Management LLC now owns 1,786 shares of the company’s stock valued at $217,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Whirlpool by 27.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock worth $66,000 after acquiring an additional 115 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of Whirlpool by 5.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 2,296 shares of the company’s stock worth $280,000 after acquiring an additional 125 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Whirlpool by 2.6% during the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock worth $599,000 after purchasing an additional 125 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in Whirlpool by 3.8% in the 4th quarter. Fulton Bank N.A. now owns 3,527 shares of the company’s stock valued at $429,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

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.