Whirlpool Corporation (WHR) Receives “Buy” Rating from Royal Bank Of Canada

Royal Bank Of Canada reiterated their buy rating on shares of Whirlpool Corporation (NYSE:WHR) in a research report report published on Tuesday. The firm currently has a $209.00 target price on the stock.

WHR has been the topic of several other research reports. Zacks Investment Research cut Whirlpool Corporation from a buy rating to a hold rating in a report on Friday, July 28th. ValuEngine downgraded shares of Whirlpool Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Whirlpool Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a neutral rating and a $208.00 target price on the stock. Finally, MKM Partners set a $177.00 target price on shares of Whirlpool Corporation and gave the company a hold rating in a research note on Friday, October 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $192.17.

Shares of Whirlpool Corporation (WHR) opened at 177.18 on Tuesday. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a market cap of $12.93 billion, a PE ratio of 17.73 and a beta of 1.76. The firm’s 50-day moving average price is $175.01 and its 200-day moving average price is $180.57.

Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. Whirlpool Corporation’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. Equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.

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Whirlpool Corporation declared that its board has approved a stock repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.

In related news, Director William D. Perez purchased 1,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.69% of the company’s stock.

Several institutional investors have recently bought and sold shares of WHR. State Board of Administration of Florida Retirement System boosted its holdings in Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock worth $21,534,000 after purchasing an additional 1,038 shares in the last quarter. Homrich & Berg boosted its holdings in Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock worth $600,000 after purchasing an additional 446 shares in the last quarter. BT Investment Management Ltd bought a new stake in Whirlpool Corporation in the second quarter worth $2,065,000. Greenhaven Associates Inc. boosted its holdings in Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock worth $524,493,000 after purchasing an additional 17,280 shares in the last quarter. Finall

WHR has been the topic of several other research reports. Zacks Investment Research cut Whirlpool Corporation from a buy rating to a hold rating in a report on Friday, July 28th. ValuEngine downgraded shares of Whirlpool Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Whirlpool Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a neutral rating and a $208.00 target price on the stock. Finally, MKM Partners set a $177.00 target price on shares of Whirlpool Corporation and gave the company a hold rating in a research note on Friday, October 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $192.17.

Shares of Whirlpool Corporation (WHR) opened at 177.18 on Tuesday. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a market cap of $12.93 billion, a PE ratio of 17.73 and a beta of 1.76. The firm’s 50-day moving average price is $175.01 and its 200-day moving average price is $180.57.

Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. Whirlpool Corporation’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. Equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Whirlpool Corporation (WHR) Receives “Buy” Rating from Royal Bank Of Canada” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/11/whirlpool-corporation-whr-receives-buy-rating-from-royal-bank-of-canada.html.

Whirlpool Corporation declared that its board has approved a stock repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.

In related news, Director William D. Perez purchased 1,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.69% of the company’s stock.

Several institutional investors have recently bought and sold shares of WHR. State Board of Administration of Florida Retirement System boosted its holdings in Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock worth $21,534,000 after purchasing an additional 1,038 shares in the last quarter. Homrich & Berg boosted its holdings in Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock worth $600,000 after purchasing an additional 446 shares in the last quarter. BT Investment Management Ltd bought a new stake in Whirlpool Corporation in the second quarter worth $2,065,000. Greenhaven Associates Inc. boosted its holdings in Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock worth $524,493,000 after purchasing an additional 17,280 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Whirlpool Corporation by 2.1% in the second quarter. Swiss National Bank now owns 271,865 shares of the company’s stock worth $52,095,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.

Whirlpool Corporation Company Profile

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

Analyst Recommendations for Whirlpool Corporation (NYSE:WHR)

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