Whirlpool (NYSE:WHR) Price Target Raised to $103.00 at Bank of America

Whirlpool (NYSE:WHR - Get Free Report) had its price target lifted by analysts at Bank of America from $101.00 to $103.00 in a report released on Friday, Benzinga reports. The brokerage presently has an "underperform" rating on the stock. Bank of America's price objective would indicate a potential downside of 1.03% from the company's previous close.

Separately, Royal Bank of Canada dropped their price objective on shares of Whirlpool from $79.00 to $76.00 and set an "underperform" rating on the stock in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $107.00.

Whirlpool Trading Down 5.7 %

Shares of WHR stock traded down $6.30 during trading hours on Friday, reaching $104.07. 1,546,927 shares of the stock traded hands, compared to its average volume of 1,201,430. The business has a fifty day moving average price of $102.00 and a 200 day moving average price of $98.88. Whirlpool has a 1-year low of $84.18 and a 1-year high of $125.68. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $5.71 billion, a PE ratio of 10.76 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The company's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.45 earnings per share. On average, equities research analysts forecast that Whirlpool will post 11.24 EPS for the current year.

Insider Transactions at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Whirlpool

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in shares of Whirlpool by 20.0% in the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company's stock worth $5,007,000 after acquiring an additional 6,984 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Whirlpool during the 1st quarter worth about $1,054,000. Retirement Systems of Alabama raised its position in shares of Whirlpool by 471.3% during the first quarter. Retirement Systems of Alabama now owns 69,067 shares of the company's stock valued at $8,262,000 after buying an additional 56,978 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Whirlpool during the first quarter valued at about $219,000. Finally, Evergreen Capital Management LLC lifted its stake in shares of Whirlpool by 41.5% in the second quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company's stock valued at $4,421,000 after buying an additional 12,697 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Company Profile

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.