According to The Fly, Goldman Sachs Group has confirmed that it will maintain its “neutral” rating on Whirlpool (NYSE: WHR) stock in a research note distributed to investors on Thursday. The price goal for the stock is currently set at $160.00. The target price suggested by Goldman Sachs Group represents a possible rise of 11.72% compared to the stock’s current price.
Several other brokerage businesses have made recent statements regarding WHR. Bank of America downgraded Whirlpool from “neutral” to “underperform” and decreased their target price for the company from $155.00 to $119.00 in a report that was published on Wednesday, October 26th. The analysts at Credit Suisse Group lowered their price objective on Whirlpool to $157.00 in a report distributed on Thursday, October 20th. On Wednesday, October 12th, StockNews.com published its first story regarding Whirlpool. They recommended that investors “hold on” to the shares. Last but not least, TheStreet cut Whirlpool from a “B” rating to a “C+” rating in a report published on Monday, July 25th. Two financial experts have given the stock a “sell” recommendation, three have given it a “hold” rating, and one has given it a “buy” rating. According to Bloomberg.com, the stock is currently rated as a “Hold,” and the consensus price goal is $167.00.
The most recent quarterly earnings report for Whirlpool (NYSE: WHR) was published on Friday, October 21st. In the third quarter, the firm reported earnings of $4.49 per share, which was $1.27 less than the consensus forecast of $5.76 per share among industry analysts. The revenue for the quarter came in at $4.78 billion, which was lower than the $5.15 billion analysts had anticipated. The return on equity for Whirlpool was 27.65%, and the net margin for the company was 1.86%. The decrease in revenue for the quarter was 12.8% as compared to the same time the previous year. During the same period the previous year, the company generated earnings of $6.68 per share. Equity research analysts forecast that Whirlpool Corporation, which produces and distributes home appliances and associated items, will generate earnings of 19.19 cents per share this year. North America, Europe, the Middle East, Africa, Latin America, and Asia comprise its four distinct sections. The company’s primary offerings include food storage devices such as refrigerators, freezers, ice makers, and water filters for use in refrigerators. Other products include cooking and other small domestic appliances, dishwasher appliances and related accessories, ice makers, mixers, and laundry appliances and accessories related to laundry.
Recent months have seen several institutional investors make position adjustments in WHR. A new position at Whirlpool cost GoalVest Advisory LLC thirty thousand dollars to acquire during the second quarter. The Jones Financial Companies LLP invested roughly $31,000 to acquire a new position in Whirlpool during the second quarter of the fiscal year. Geneos Wealth Management Inc. grew the amount of Whirlpool stock owned by 96.2% during the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock, valued at $35,000, after purchasing an additional 100 shares during the most recent quarter. During the third quarter, TD Capital Management LLC invested in Whirlpool in the amount of $28,000. Finally, Total Clarity Wealth Management Inc. purchased about $33,000 worth of Whirlpool stock in exchange for a fresh position during the second quarter. At this time, 96.37% of the company’s stock is owned by institutional investors.
During Thursday’s trading session, Whirlpool’s stock dropped $6.11, bringing its price to $143.21. There was a total trading volume of 3,275 shares, with an average volume of 1,155,782. The simple moving average for the company over the past 50 days is $141.97, and the simple moving average for the past 200 days is $158.96. The firm’s market capitalization is currently sitting at $7.80 billion; it has a price-to-earnings ratio of 24.05, a price-to-earnings-to-growth ratio of 1.58, and a beta of 1.52. 1.16 is the value of the current ratio, 0.74 is the value of the quick ratio, and 1.09 is the value of the debt-to-equity ratio. The one-year low for Whirlpool is $124.43, and the one-year high for Whirlpool is $245.44.
Before you even think of purchasing a Whirlpool, you need to be aware of this important fact.
Bloomberg monitors the highest-rated and highest-performing research analysts on Wall Street daily and the companies that these analysts recommend to their respective customers. According to Bloomberg, Whirlpool was not one of the five top analysts urging their customers to buy before the rest of the market catches on. These top analysts advise their clients to purchase these stocks before the rest of the market catches on.
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