Whirlpool Co. (NYSE:WHR) Given Average Rating of “Reduce” by Brokerages

Shares of Whirlpool Co. (NYSE:WHR) have been given an average recommendation of “Reduce” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $103.75.

A number of brokerages recently commented on WHR. 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 report on Friday, July 26th. Bank of America began coverage on shares of Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective on the stock. Finally, StockNews.com lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Whirlpool Trading Down 1.8 %

WHR opened at $96.80 on Friday. The firm’s fifty day moving average is $97.22 and its two-hundred day moving average is $103.04. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The firm has a market cap of $5.31 billion, a PE ratio of 13.33 and a beta of 1.44. Whirlpool has a twelve month low of $84.18 and a twelve month high of $145.07.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting the consensus estimate of $2.39. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period last year, the business posted $4.21 earnings per share. Equities research analysts anticipate that Whirlpool will post 11.31 EPS for the current year.

Hedge Funds Weigh In On Whirlpool

Several hedge funds and other institutional investors have recently made changes to their positions in WHR. V Square Quantitative Management LLC grew its position in shares of Whirlpool by 5.9% in the 4th quarter. V Square Quantitative Management LLC now owns 1,786 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Whirlpool by 27.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock valued at $66,000 after acquiring an additional 115 shares during the period. Applied Finance Capital Management LLC grew its position in shares of Whirlpool by 5.8% in the 4th quarter. Applied Finance Capital Management LLC now owns 2,296 shares of the company’s stock valued at $280,000 after acquiring an additional 125 shares during the period. Private Advisor Group LLC grew its position in shares of Whirlpool by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after acquiring an additional 125 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Whirlpool by 3.8% during the 4th quarter. Fulton Bank N.A. now owns 3,527 shares of the company’s stock worth $429,000 after buying an additional 129 shares during the last quarter. 90.78% of the stock is 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.