Whirlpool Corporation (WHR) Earns “Buy” Rating from Royal Bank Of Canada
Whirlpool Corporation (NYSE:WHR)‘s stock had its “buy” rating reiterated by analysts at Royal Bank Of Canada in a research note issued on Tuesday. They presently have a $209.00 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 16.14% from the stock’s current price.
A number of other brokerages also recently weighed in on WHR. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. MKM Partners set a $177.00 target price on shares of Whirlpool Corporation and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $192.17.
Whirlpool Corporation (NYSE:WHR) opened at 179.96 on Tuesday. The firm has a 50-day moving average of $174.74 and a 200 day moving average of $180.51. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 18.01 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.19). The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 earnings per share. Analysts expect that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of Whirlpool Corporation stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.69% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Dupont Capital Management Corp bought a new position in Whirlpool Corporation during the second quarter valued at approximately $100,000. Sun Life Financial INC grew its position in Whirlpool Corporation by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after acquiring an additional 534 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Whirlpool Corporation by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after acquiring an additional 135 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Whirlpool Corporation during the second quarter valued at approximately $153,000. Finally, Global X Management Co. LLC grew its position in Whirlpool Corporation by 33.1% during the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.
Whirlpool Corporation 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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