Whirlpool (NYSE:WHR) Given New $202.00 Price Target at The Goldman Sachs Group

Whirlpool (NYSE:WHRGet Rating) had its price target cut by investment analysts at The Goldman Sachs Group from $235.00 to $202.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 26.34% from the stock’s current price.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their price target on Whirlpool from $221.00 to $205.00 and set an “overweight” rating for the company in a research report on Wednesday, April 20th. Cfra lowered Whirlpool to a “sell” rating and set a $180.00 price target for the company. in a research note on Friday, April 8th. Credit Suisse Group initiated coverage on Whirlpool in a research note on Tuesday, April 5th. They set a “neutral” rating and a $180.00 price target for the company. Finally, StockNews.com initiated coverage on Whirlpool in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $200.33.

Whirlpool stock traded up $7.08 during mid-day trading on Thursday, reaching $159.88. 25,720 shares of the stock traded hands, compared to its average volume of 938,858. The stock has a market capitalization of $8.99 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.70. Whirlpool has a 12-month low of $145.93 and a 12-month high of $245.44. The business’s 50-day moving average is $175.22 and its 200-day moving average is $195.08.

Whirlpool (NYSE:WHRGet Rating) last posted its quarterly earnings data on Monday, April 25th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.41. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Whirlpool had a return on equity of 30.56% and a net margin of 7.72%. Whirlpool’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.20 earnings per share. Equities analysts anticipate that Whirlpool will post 24.86 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in WHR. Ellevest Inc. boosted its position in Whirlpool by 1,020.0% during the 4th quarter. Ellevest Inc. now owns 112 shares of the company’s stock valued at $26,000 after acquiring an additional 102 shares in the last quarter. Bivin & Associates Inc. bought a new stake in Whirlpool during the 4th quarter valued at $33,000. Concord Wealth Partners acquired a new stake in shares of Whirlpool in the 4th quarter worth $34,000. Geneos Wealth Management Inc. boosted its position in shares of Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in shares of Whirlpool in the 1st quarter worth $37,000. 97.80% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Company Profile (Get Rating)

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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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