Whirlpool Corporation (WHR) is Downgraded by MKM Partners to Neutral, Lowers Price Target to $ 176

Whirlpool Corporation (WHR) was Downgraded by MKM Partners to ” Neutral” while Lowering the Price Target of the company shares to $ 176 from a previous price target of $215 . Earlier the firm had a rating of “Buy ” on the company shares. MKM Partners advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on Whirlpool Corporation. Whirlpool Corporation was Downgraded by Gabelli & Co to ” Hold” on Sep 12, 2016. Whirlpool Corporation was Upgraded by Raymond James to ” Strong Buy” on Jul 25, 2016. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $204 .

On the company’s financial health, Whirlpool Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $3.37. The company had revenue of $5198.00 million for the quarter, compared to analysts expectations of $5130.20 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.70 EPS.

Whirlpool Corporation closed down -0.03 points or -0.02% at $160.75 with 5,43,090 shares getting traded on Friday. Post opening the session at $162.36, the shares hit an intraday low of $160.5 and an intraday high of $163.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 8, 2016, David T Szczupak (EXECUTIVE VICE PRESIDENT) sold 10,307 shares at $181.37 per share price. According to the SEC, on Aug 9, 2016, Marc R Bitzer (PRES & CHIEF OPERATING OFFICER) sold 9,510 shares at $190.00 per share price. On Aug 9, 2016, Jeff M Fettig (CHAIRMAN AND CEO) sold 91,000 shares at $189.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures 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. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

Whirlpool Corporation

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