Whirlpool (NYSE:WHR) Downgraded by StockNews.com to “Sell”. Whirlpool (NYSE:WHR – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.
Several other equities research analysts have also issued reports on WHR. JPMorgan Chase & Co. reduced their price objective on shares of Whirlpool from $145.00 to $137.00 and set a “neutral” rating for the company in a research note on Tuesday, December 20th. Royal Bank of Canada lifted their price objective on shares of Whirlpool from $108.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, February 1st. Finally, Credit Suisse Group lifted their price objective on shares of Whirlpool from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $144.00.
Whirlpool Stock Up 2.6 %
Shares of NYSE WHR traded up $3.32 during mid-day trading on Friday, reaching $132.02. The company had a trading volume of 456,529 shares, compared to its average volume of 758,744. The stock has a fifty day moving average of $140.21 and a two-hundred day moving average of $142.39. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.73 and a current ratio of 1.08. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of -4.71 and a beta of 1.50. Whirlpool has a 12-month low of $124.10 and a 12-month high of $199.07.
Whirlpool (NYSE:WHR – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.29 by $0.60. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.92 billion. Whirlpool had a negative net margin of 7.71% and a positive return on equity of 27.98%. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.14 earnings per share. As a group, equities research analysts expect that Whirlpool will post 16.68 EPS for the current year.
Insiders Place Their Bets
In other Whirlpool news, VP Christopher S. Conley sold 1,535 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $147.20, for a total transaction of $225,952.00. Following the completion of the transaction, the vice president now owns 2,384 shares of the company’s stock, valued at approximately $350,924.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.85% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Acrisure Capital Management LLC bought a new position in shares of Whirlpool during the 4th quarter worth about $302,000. Birmingham Capital Management Co. Inc. AL increased its holdings in shares of Whirlpool by 3.8% during the 4th quarter. Birmingham Capital Management Co. Inc. AL now owns 8,113 shares of the company’s stock worth $1,148,000 after purchasing an additional 300 shares during the period. OLD Mission Capital LLC bought a new position in shares of Whirlpool during the 4th quarter worth about $39,000. Lakewood Asset Management LLC bought a new position in shares of Whirlpool during the 4th quarter worth about $1,377,000. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of Whirlpool during the 4th quarter worth about $364,000. Institutional investors own 92.14% of the company’s stock.
About Whirlpool
Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit. Here is the trusted platform to get all the latest equity news.