Welbilt (WBT) Receiving Favorable Press Coverage, Report Shows
Media stories about Welbilt (NYSE:WBT) have been trending positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Welbilt earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.7327382274426 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have issued reports on the company. Susquehanna Bancshares set a $25.00 target price on Welbilt and gave the stock a “positive” rating in a research report on Tuesday. Zacks Investment Research upgraded Welbilt from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Saturday, January 13th. Finally, Barclays assumed coverage on Welbilt in a research report on Tuesday, December 12th. They set an “overweight” rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $24.50.
Welbilt (NYSE WBT) traded up $0.50 during midday trading on Wednesday, reaching $21.26. The company’s stock had a trading volume of 507,600 shares, compared to its average volume of 649,003. The company has a debt-to-equity ratio of 29.38, a current ratio of 1.35 and a quick ratio of 0.79. Welbilt has a 52 week low of $17.55 and a 52 week high of $23.77. The firm has a market cap of $2,929.75, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91.
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.
Receive News & Ratings for Welbilt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welbilt and related companies with MarketBeat.com's FREE daily email newsletter.