Whirlpool (NYSE:WHR) Rating Reaffirmed
New York: In an interesting research report disseminated on Monday morning, MKM Partners reaffirmed their Buy rating on Whirlpool (NYSE:WHR) shares. They now have a $175 PT on the company. MKM Partners’s target may suggest a potential upside of 10.61% from the company’s stock close price.
From a total of 10 analysts covering Whirlpool (NYSE:WHR) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $225 while the lowest target price is $155. The mean of all analyst targets is $187 with a 19.81% above today’s ($158.31) stock price. Whirlpool was the topic of 6 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. Gabelli initiated shares on October 27 with “Buy” rating. RBC Capital Markets maintained WHR stock in a recent report from October 26 with “Top Pick” rating.
Approximately 420,127 shares of stock traded hands. Whirlpool Corporation (NYSE:WHR) has declined 11.08% since May 4, 2015 and is downtrending. It has underperformed by 10.00% the S&P500.
The overall sentiment of institutions has increased to 0.98 in Q2 2015. Its up 0.20, from 0.78 in 2015Q2. The ratio is positive, as 79 institutions have sold all the shares of Whirlpool Corporation that they owned while 176 funds have taken shares off the table. 58 funds have purchased shares for the first time while 193 added to their positions. These institutions now hold 64.36 million shares or 7.33% less than the 69.45 million shares they owned in 2015Q2.
The Fund Sphinx Trading Lp currently is holding shares equating to 17.67% of its total portfolio in Whirlpool Corporation representing a total of 114,416 shares. Another fund,Trinity Street Asset Management Llp, is holding a total of 281,560 shares equating to 11.32% of their holdings. Additionally, Greenhaven Associates Inc has a 2.60 million share stake in Whirlpool Corporation which represents 7.65% of their total portfolio. The Fund, Edinburgh Partners Ltd, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 7.28% of their total portfolio. Finally Appaloosa Management Lp, a fund which is based in the state of New Jersey reported a total holdings of 1.13 million shares.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The company has a market cap of $12.54 billion. The Firm makes products in 14 countries and markets products in nearly every country around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. It has 18.5 P/E ratio. The Company’s reportable divisions consist of North America, Latin America, EMEA and Asia.
According to Zacks Investment Research, “Whirlpool Corp. manufactures and markets a full line of major appliances and related products, primarily for home use. The company’s principal products are home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, room air-conditioning equipment, and mixers and other small household appliances. The company also produces hermetic compressors and plastic components, primarily for the home appliance and electronics industries.” Get a free copy of the Zacks research report on Whirlpool Corporation (WHR).