Whirlpool (NYSE:WHR) PT Set at $150.00 by Buckingham Research
Whirlpool (NYSE:WHR) has been given a $150.00 target price by investment analysts at Buckingham Research in a note issued to investors on Tuesday, TipRanks reports. The brokerage currently has a “hold” rating on the stock. Buckingham Research’s price objective would indicate a potential upside of 0.95% from the stock’s previous close.
Several other brokerages also recently weighed in on WHR. Longbow Research set a $178.00 price target on Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a report on Thursday, August 22nd. ValuEngine upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 10th. Gabelli restated a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. Finally, TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Whirlpool presently has a consensus rating of “Hold” and a consensus target price of $140.95.
WHR traded up $0.02 during trading on Tuesday, reaching $148.59. The stock had a trading volume of 600,777 shares, compared to its average volume of 797,455. The stock’s 50 day moving average is $139.74 and its two-hundred day moving average is $137.42. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.92 and a beta of 1.82. Whirlpool has a one year low of $99.40 and a one year high of $153.22.
In related news, CFO James W. Peters sold 650 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the sale, the chief financial officer now directly owns 18,569 shares of the company’s stock, valued at $2,720,544.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Whirlpool by 0.3% in the second quarter. BlackRock Inc. now owns 4,353,649 shares of the company’s stock worth $619,788,000 after purchasing an additional 14,023 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Whirlpool by 59.4% in the second quarter. Vestmark Advisory Solutions Inc. now owns 2,779 shares of the company’s stock worth $396,000 after purchasing an additional 1,036 shares during the last quarter. Luminus Management LLC purchased a new position in Whirlpool in the second quarter worth about $997,000. Maverick Capital Ltd. purchased a new position in Whirlpool in the second quarter worth about $2,748,000. Finally, Primecap Management Co. CA boosted its position in Whirlpool by 0.8% in the second quarter. Primecap Management Co. CA now owns 7,809,340 shares of the company’s stock worth $1,111,738,000 after purchasing an additional 61,160 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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