Whirlpool Co. (WHR) Receives $183.60 Average Target Price from Brokerages

Shares of Whirlpool Co. (NYSE:WHR) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $183.60.

Several research firms have commented on WHR. Credit Suisse Group set a $187.00 price objective on shares of Whirlpool and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America lowered shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective for the company. in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $209.00 price objective on shares of Whirlpool in a research report on Tuesday, October 10th.

Whirlpool (WHR) traded down $1.11 during mid-day trading on Friday, reaching $167.46. 776,800 shares of the company’s stock traded hands, compared to its average volume of 851,839. Whirlpool has a fifty-two week low of $158.80 and a fifty-two week high of $202.99. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $12,039.89, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.69 and a beta of 1.88.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the business earned $3.66 EPS. Whirlpool’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts anticipate that Whirlpool will post 13.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.63%. Whirlpool’s dividend payout ratio (DPR) is presently 41.47%.

Several institutional investors have recently added to or reduced their stakes in WHR. State of Alaska Department of Revenue lifted its holdings in shares of Whirlpool by 9.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,256 shares of the company’s stock worth $240,000 after acquiring an additional 110 shares during the last quarter. Strs Ohio lifted its holdings in shares of Whirlpool by 4.6% in the 2nd quarter. Strs Ohio now owns 4,073 shares of the company’s stock worth $780,000 after acquiring an additional 179 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of Whirlpool in the 2nd quarter worth about $205,000. Harbour Capital Advisors LLC lifted its holdings in shares of Whirlpool by 16,573.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 64,193 shares of the company’s stock worth $335,000 after acquiring an additional 63,808 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Whirlpool by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

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About Whirlpool

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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