Goldman Sachs Initiates Coverage on Whirlpool (NYSE:WHR). What May be Next?

October 2, 2018 - By Marie Mckinney

Whirlpool Corporation (NYSE:WHR) Logo

Investors sentiment decreased to 0.72 in Q2 2018. Its down 0.16, from 0.88 in 2018Q1. It dived, as 60 investors sold Whirlpool Corporation shares while 200 reduced holdings. 55 funds opened positions while 132 raised stakes. 57.10 million shares or 4.53% less from 59.81 million shares in 2018Q1 were reported.

Voya Inv Mngmt Lc has invested 0.01% in Whirlpool Corporation (NYSE:WHR). Louisiana State Employees Retirement System stated it has 3,800 shares. Nordea Investment Mgmt stated it has 0.01% of its portfolio in Whirlpool Corporation (NYSE:WHR). Vantage Invest Advsrs Limited Liability Com owns 10 shares. State Of Alaska Department Of Revenue owns 15,766 shares. Csat Inv Advisory Limited Partnership holds 3,108 shares. Pinnacle Associates Limited holds 0.01% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 2,550 shares. Ameriprise Financial has invested 0% in Whirlpool Corporation (NYSE:WHR). 1,863 are owned by Rampart Co Limited Company. State Treasurer State Of Michigan holds 19,089 shares or 0.02% of its portfolio. Victory Capital holds 0% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 1,036 shares. Moreover, Winslow Evans And Crocker has 0.03% invested in Whirlpool Corporation (NYSE:WHR) for 542 shares. Kbc Gru Nv has invested 0.01% in Whirlpool Corporation (NYSE:WHR). First Dallas Secs has invested 0.36% in Whirlpool Corporation (NYSE:WHR). Lafayette Invests accumulated 0.63% or 11,670 shares.

Since April 30, 2018, it had 1 buy, and 1 insider sale for $105,091 activity. $303,908 worth of Whirlpool Corporation (NYSE:WHR) was sold by Liotine Joseph T..

Why Has Goldman Sachs Given Whirlpool (NYSE:WHR) a $107 Price Target

Goldman Sachs analyst started coverage with a Sell rating on Whirlpool (NYSE:WHR) today and set a price target of $107. The firm’s shares opened today at 115.41.

Whirlpool Corporation (NYSE:WHR) Ratings Coverage

Among 7 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Whirlpool has $18400 highest and $165 lowest target. $177.80’s average target is 54.06% above currents $115.41 stock price. Whirlpool had 10 analyst reports since April 4, 2018 according to SRatingsIntel. Bank of America maintained Whirlpool Corporation (NYSE:WHR) rating on Monday, April 9. Bank of America has “Hold” rating and $16500 target. The stock has “Neutral” rating by Longbow on Tuesday, July 24. Goldman Sachs downgraded the shares of WHR in report on Wednesday, April 4 to “Sell” rating. The firm has “Outperform” rating given on Monday, June 4 by Credit Suisse. The rating was maintained by Credit Suisse on Tuesday, July 24 with “Outperform”. The rating was maintained by RBC Capital Markets with “Hold” on Monday, April 23. The firm has “Overweight” rating by JP Morgan given on Friday, June 1. On Wednesday, July 25 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, April 24.

The stock decreased 2.68% or $3.18 during the last trading session, reaching $115.41. About 729,635 shares traded. Whirlpool Corporation (NYSE:WHR) has declined 29.39% since October 2, 2017 and is downtrending. It has underperformed by 45.01% the S&P500.

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on October, 22. They expect $4.20 earnings per share, up 9.66 % or $0.37 from last year’s $3.83 per share. WHR’s profit will be $271.16 million for 6.87 P/E if the $4.20 EPS becomes a reality. After $3.20 actual earnings per share reported by Whirlpool Corporation for the previous quarter, Wall Street now forecasts 31.25 % EPS growth.

Whirlpool Corporation manufactures and markets home appliances and related products worldwide. The company has market cap of $7.45 billion. The companyÂ’s principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances. It currently has negative earnings. It also produces hermetic compressors for refrigeration systems.

Another recent and important Whirlpool Corporation (NYSE:WHR) news was published by Gurufocus.com which published an article titled: “Stocks That Fell to 3-Year Lows in the Week of Sept. 21” on September 23, 2018.

Whirlpool Corporation (NYSE:WHR) Institutional Positions Chart

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