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BofA Securities Maintains Whirlpool(WHR.US) With Sell Rating, Raises Target Price to $103

Futu News ·  Oct 25 20:35  · Ratings

BofA Securities analyst Rafe Jadrosich maintains $Whirlpool (WHR.US)$ with a sell rating, and adjusts the target price from $101 to $103.

According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 10.8% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Whirlpool (WHR.US)$'s main analysts recently are as follows:

  • Whirlpool's Q3 adjusted EPS of $3.43 surpassed expectations, primarily due to a favorable tax rate, while projections for 2024 revenue remained steady at around $16.9 billion with an anticipated adjusted EBIT margin of about 6.0% and adjusted EPS close to $12. Subsequent to the earnings report, projections for 2024 adjusted EPS were enhanced by 17% to account for the beneficial tax rate, thereby increasing the previous forecast by $1.30. Conversely, expectations for 2025 adjusted EPS were moderately reduced by 3%.

  • Following Whirlpool's Q3 results, it's observed that the company's North America margins have seen a slight improvement, thanks to cost reduction efforts. However, the company is still facing challenges with market share losses, weak pricing and promotions, and the level of growth needed to meet the unchanged sales and margin targets is considered overly ambitious.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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