RBC Capital Believes Whirlpool Corp (NYSE: WHR) Still Has Room to Grow

By Carrie Williams

RBC Capital analyst Jason Arnold reiterated a Buy rating on Whirlpool Corp (NYSE: WHR) yesterday and set a price target of $216. The company’s shares closed yesterday at $187.81, close to its 52-week high of $194.10.

According to TipRanks.com, Arnold is a 5-star analyst with an average return of 10.4% and a 63.2% success rate. Arnold covers the Financial sector, focusing on stocks such as Discover Financial Services, Apollo Investment Corp, and Santander Consumer USA.

Whirlpool Corp has an analyst consensus of Moderate Buy, with a price target consensus of $216.

Based on Whirlpool Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.79 billion and quarterly net profit of $153 million. In comparison, last year the company earned revenue of $4.62 billion and had a net profit of $150 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock. Last month, Joao Carlos Brega, the EVP of WHR sold 10,000 shares for a total of $1,835,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Whirlpool Corp. engages in the manufacturing and marketing home appliances. The company’s 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 in 1955 and is headquartered in Benton Harbor, MI.