Whirlpool (WHR) Given a $125.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $125.00 price objective on Whirlpool (NYSE:WHR) in a research note published on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on WHR. Zacks Investment Research raised Whirlpool from a sell rating to a hold rating in a research report on Sunday, July 15th. Standpoint Research assumed coverage on Whirlpool in a research report on Tuesday, July 10th. They issued a buy rating for the company. Longbow Research cut Whirlpool from a buy rating to a neutral rating and set a $185.00 target price for the company. in a research report on Tuesday, July 24th. Royal Bank of Canada cut Whirlpool from an outperform rating to a sector perform rating in a research report on Wednesday, July 25th. Finally, Goldman Sachs Group assumed coverage on Whirlpool in a research report on Tuesday, October 2nd. They issued a sell rating and a $107.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $154.00.

NYSE:WHR opened at $106.89 on Wednesday. The stock has a market cap of $6.99 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.54. Whirlpool has a 1 year low of $102.85 and a 1 year high of $187.47. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 1.43.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, July 23rd. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.43). The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.29 billion. Whirlpool had a positive return on equity of 20.73% and a negative net margin of 2.62%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.35 earnings per share. As a group, research analysts forecast that Whirlpool will post 14.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.30%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio is presently 33.48%.

In related news, Director Diane M. Dietz acquired 1,600 shares of Whirlpool stock in a transaction on Thursday, July 26th. The stock was purchased at an average cost of $124.26 per share, with a total value of $198,816.00. Following the purchase, the director now directly owns 8,339 shares in the company, valued at $1,036,204.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.83% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its stake in Whirlpool by 88.1% during the 1st quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $109,000 after acquiring an additional 334 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Whirlpool during the 2nd quarter valued at approximately $111,000. FNY Investment Advisers LLC purchased a new stake in Whirlpool during the 2nd quarter valued at approximately $123,000. Norway Savings Bank purchased a new stake in Whirlpool during the 2nd quarter valued at approximately $132,000. Finally, First Hawaiian Bank purchased a new stake in Whirlpool during the 3rd quarter valued at approximately $160,000. 93.25% of the stock is owned by hedge funds and other institutional investors.

About Whirlpool

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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

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