Shares of Welbilt, Inc (NYSE:WBT) have received an average rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.14.

WBT has been the subject of a number of research reports. Zacks Investment Research raised Welbilt from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, July 26th. Citigroup reduced their price objective on Welbilt from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, August 15th. Wedbush reduced their price objective on Welbilt from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, November 6th. KeyCorp reduced their price objective on Welbilt from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, November 6th. Finally, Barclays set a $25.00 price objective on Welbilt and gave the company a “buy” rating in a research note on Monday, August 20th.

Shares of WBT stock opened at $13.54 on Wednesday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.58 and a beta of 1.23. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 10.00. Welbilt has a fifty-two week low of $13.11 and a fifty-two week high of $23.85.

Welbilt (NYSE:WBT) last issued its earnings results on Monday, November 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The business had revenue of $412.90 million during the quarter, compared to the consensus estimate of $421.89 million. Welbilt had a return on equity of 95.12% and a net margin of 7.56%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that Welbilt will post 0.78 earnings per share for the current year.

In other Welbilt news, EVP Richard N. Caron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $21.88, for a total value of $196,920.00. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $2,188. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC purchased a new position in shares of Welbilt during the second quarter valued at approximately $200,000. Fort L.P. purchased a new position in shares of Welbilt during the second quarter valued at approximately $126,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Welbilt during the second quarter valued at approximately $210,000. Colony Group LLC purchased a new position in shares of Welbilt during the second quarter valued at approximately $229,000. Finally, Quantum Capital Management purchased a new position in shares of Welbilt during the second quarter valued at approximately $256,000. 90.51% of the stock is currently owned by institutional investors.

Welbilt Company Profile

Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.

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Analyst Recommendations for Welbilt (NYSE:WBT)

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