Credit Suisse Group Analysts Give Whirlpool (NYSE:WHR) a $125.00 Price Target

Credit Suisse Group set a $125.00 price target on Whirlpool (NYSE:WHR) in a report released on Wednesday, October 17th, The Fly reports. The brokerage currently has a buy rating on the stock.

Several other research analysts 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 on the stock. MKM Partners set a $146.00 target price on Whirlpool and gave the stock a hold rating in a research report on Tuesday, October 16th. Royal Bank of Canada cut Whirlpool from an outperform rating to a sector perform rating in a research report on Wednesday, July 25th. Finally, Longbow Research downgraded Whirlpool from a buy rating to a neutral rating and set a $185.00 price objective on the stock. in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Whirlpool presently has an average rating of Hold and an average price target of $144.88.

Shares of Whirlpool stock traded down $0.92 during trading on Wednesday, hitting $116.36. 673,219 shares of the company’s stock traded hands, compared to its average volume of 1,366,257. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.58. Whirlpool has a 1 year low of $102.13 and a 1 year high of $187.47. The stock has a market capitalization of $7.47 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.76 by $0.79. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. Whirlpool’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $3.83 earnings per share. As a group, sell-side analysts expect that Whirlpool will post 14.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Friday, November 16th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio (DPR) is currently 33.48%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. LSV Asset Management raised its stake in Whirlpool by 15.2% during the 3rd quarter. LSV Asset Management now owns 2,187,560 shares of the company’s stock valued at $259,772,000 after purchasing an additional 288,480 shares during the period. Newport Trust Co raised its stake in Whirlpool by 3.4% during the 3rd quarter. Newport Trust Co now owns 1,425,019 shares of the company’s stock valued at $169,221,000 after purchasing an additional 47,201 shares during the period. Iridian Asset Management LLC CT bought a new stake in Whirlpool during the 2nd quarter valued at approximately $125,557,000. Levin Capital Strategies L.P. raised its stake in Whirlpool by 13.1% during the 2nd quarter. Levin Capital Strategies L.P. now owns 825,876 shares of the company’s stock valued at $120,768,000 after purchasing an additional 95,405 shares during the period. Finally, Cooke & Bieler LP raised its stake in Whirlpool by 2.9% during the 2nd quarter. Cooke & Bieler LP now owns 741,345 shares of the company’s stock valued at $108,407,000 after purchasing an additional 21,151 shares during the period. 92.67% of the stock is currently 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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Analyst Recommendations for Whirlpool (NYSE:WHR)

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