Bank of America Increases Whirlpool (NYSE:WHR) Price Target to $103.00

Whirlpool (NYSE:WHR) had its price objective boosted by investment analysts at Bank of America from $101.00 to $103.00 in a report issued on Friday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s price target points to a potential downside of 6.65% from the company’s current price.

Separately, Royal Bank of Canada reduced their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.50.

Whirlpool Price Performance

Shares of NYSE WHR opened at $110.34 on Friday. The firm has a 50-day simple moving average of $101.86 and a 200-day simple moving average of $98.97. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 11.41 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. Whirlpool has a 52 week low of $84.18 and a 52 week high of $127.58.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.45 earnings per share. On average, equities analysts predict that Whirlpool will post 11.24 earnings per share for the current fiscal year.

Insider Activity at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SouthState Corp purchased a new position in Whirlpool during the second quarter worth about $28,000. Altshuler Shaham Ltd purchased a new position in Whirlpool during the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in Whirlpool during the second quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its stake in Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after buying an additional 384 shares during the period. Finally, UMB Bank n.a. boosted its stake in 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. Hedge funds and other institutional investors own 90.78% of the company’s stock.

About Whirlpool

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.