Whirlpool (NYSE:WHR) Price Target Increased to $109.00 by Analysts at JPMorgan Chase & Co.

by · The Cerbat Gem

Whirlpool (NYSE:WHR – Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $103.00 to $109.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 4.93% from the stock’s current price.

Other analysts have also issued research reports about the company. Bank of America upped their target price on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday. Royal Bank of Canada dropped their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.50.

Check Out Our Latest Stock Report on Whirlpool

Whirlpool Stock Up 0.2 %

Shares of Whirlpool stock traded up $0.17 during trading on Tuesday, reaching $103.88. The stock had a trading volume of 148,797 shares, compared to its average volume of 1,195,663. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 10.23 and a beta of 1.44. The stock has a fifty day moving average price of $102.16 and a two-hundred day moving average price of $98.62. Whirlpool has a 52 week low of $84.18 and a 52 week high of $125.68. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR – Get Free Report) last issued its quarterly 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. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $5.45 earnings per share. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. Sell-side analysts predict that Whirlpool will post 12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Whirlpool

A number of institutional investors have recently bought and sold shares of WHR. Janney Montgomery Scott LLC grew its position in shares of Whirlpool by 20.0% in the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company’s stock valued at $5,007,000 after purchasing an additional 6,984 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Whirlpool in the first quarter valued at approximately $1,054,000. Retirement Systems of Alabama grew its position in shares of Whirlpool by 471.3% in the first quarter. Retirement Systems of Alabama now owns 69,067 shares of the company’s stock valued at $8,262,000 after purchasing an additional 56,978 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Whirlpool in the first quarter valued at approximately $219,000. Finally, Evergreen Capital Management LLC grew its position in shares of Whirlpool by 41.5% in the second quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company’s stock valued at $4,421,000 after purchasing an additional 12,697 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

(Get Free Report)

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.

See Also