KeyBanc Maintains a Buy Rating on Whirlpool Corp.

By Jason Carr

In a report released today, Kenneth Zener from KeyBanc maintained a Buy rating on Whirlpool Corp. (NYSE: WHR), with a price target of $190. The company’s shares opened today at $163.50.

According to TipRanks.com, Zener is a 4-star analyst with an average return of 8.4% and a 56.3% success rate. Zener covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Stanley Black & Decker Inc, and Beacon Roofing Supply.

Whirlpool Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $186.

Based on Whirlpool Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.25 billion and quarterly net profit of $238 million. In comparison, last year the company earned revenue of $5.28 billion and had a net profit of $235 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2015, William Perez, a Director at WHR bought 1,000 shares for a total of $188,780.

Whirlpool Corp. engages in the manufacturing and marketing home appliances. Its products include home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. Its brands include Whirlpool, Brastemp, Indesit, Maytag, KitchenAid, Jenn-Air, Amana, Bauknecht, Brastemp, and Consul. The company was founded by Emory Upton, Fred Upton, and Louis C. Upton and was founded in 1955 and is headquartered in Benton Harbor, MI.