Welbilt (NYSE:WBT) has been given a $25.00 target price by equities researchers at Susquehanna Bancshares in a research report issued on Tuesday. The firm presently has a “positive” rating on the industrial products company’s stock. Susquehanna Bancshares’ price target points to a potential upside of 19.22% from the company’s previous close.

Other research analysts also recently issued reports about the company. Barclays initiated coverage on Welbilt in a report on Tuesday, December 12th. They set an “overweight” rating and a $25.00 price objective on the stock. Zacks Investment Research downgraded Welbilt from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.50.

Shares of Welbilt (NYSE WBT) traded up $0.21 during midday trading on Tuesday, hitting $20.97. The stock had a trading volume of 81,569 shares, compared to its average volume of 634,393. 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 stock has a market capitalization of $2,929.75, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Welbilt by 41.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,730 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 2,268 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Welbilt in the 4th quarter valued at $218,000. Connable Office Inc. purchased a new position in shares of Welbilt in the 4th quarter valued at $243,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Welbilt in the 4th quarter valued at $282,000. Finally, Water Island Capital LLC purchased a new position in shares of Welbilt in the 4th quarter valued at $303,000. Institutional investors own 91.27% of the company’s stock.

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About Welbilt

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.

Analyst Recommendations for Welbilt (NYSE:WBT)

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