Whirlpool (NYSE:WHR) Cut to Sell at Wall Street Zen

Whirlpool (NYSE:WHR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on the stock. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a report on Monday, June 30th. Royal Bank Of Canada dropped their price target on Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Bank of America raised Whirlpool from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. cut their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Whirlpool has an average rating of "Hold" and a consensus target price of $108.40.

Whirlpool Stock Performance

WHR opened at $99.71 on Friday. The business has a 50 day moving average price of $92.58 and a two-hundred day moving average price of $95.04. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.72 and a quick ratio of 0.40. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 712.20 and a beta of 1.25. Whirlpool has a 1-year low of $73.72 and a 1-year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company's revenue was down 19.4% on a year-over-year basis. Research analysts predict that Whirlpool will post 9.52 EPS for the current fiscal year.

Institutional Trading of Whirlpool

Hedge funds have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Whirlpool during the first quarter worth approximately $82,461,000. FMR LLC lifted its position in Whirlpool by 57.3% in the 4th quarter. FMR LLC now owns 1,808,744 shares of the company's stock worth $207,065,000 after buying an additional 659,014 shares in the last quarter. Norges Bank acquired a new stake in shares of Whirlpool during the 4th quarter valued at $73,468,000. Causeway Capital Management LLC purchased a new position in shares of Whirlpool during the 1st quarter valued at $32,788,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after acquiring an additional 350,397 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Company Profile

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.

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