Whirlpool (NYSE:WHR) Now Covered by Analysts at Bank of America

Stock analysts at Bank of America initiated coverage on shares of Whirlpool (NYSE:WHR) in a note issued to investors on Tuesday, StockNewsAPI reports. The brokerage set an “underperform” rating and a $88.00 price target on the stock. Bank of America‘s target price points to a potential downside of 11.47% from the stock’s previous close.

Several other equities research analysts also recently commented on WHR. Royal Bank of Canada lowered their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research note on Friday. StockNews.com cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $103.75.

Whirlpool Stock Performance

WHR stock opened at $99.40 on Tuesday. Whirlpool has a twelve month low of $84.18 and a twelve month high of $148.50. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The company has a market cap of $5.46 billion, a P/E ratio of 13.69 and a beta of 1.44. The business’s fifty day moving average is $96.25 and its 200-day moving average is $103.36.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting the consensus estimate of $2.39. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The company’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.21 earnings per share. Equities research analysts forecast that Whirlpool will post 12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA lifted its position in Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after acquiring an additional 185 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Whirlpool in the fourth quarter valued at about $37,000. UMB Bank n.a. boosted its position in shares of Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after buying an additional 191 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Whirlpool during the first quarter worth about $45,000. Finally, Parallel Advisors LLC raised its position in Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

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.