Whirlpool Corporation (WHR) Draws Bearish Attention After Forming Multiple Bottom

July 14, 2018 - By Tina Thibodeau

Whirlpool Corporation (NYSE:WHR) Logo

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.05, from 0.93 in 2017Q4. It turned negative, as 51 investors sold Whirlpool Corporation shares while 197 reduced holdings. 59 funds opened positions while 160 raised stakes. 59.81 million shares or 0.79% less from 60.28 million shares in 2017Q4 were reported.
Janney Montgomery Scott Limited Liability Co holds 0.03% or 21,591 shares. Edge Wealth Ltd Liability Company holds 0% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 70 shares. Amica Retiree Trust has 0.06% invested in Whirlpool Corporation (NYSE:WHR) for 462 shares. Pggm Investments holds 0.09% or 109,200 shares in its portfolio. The Arkansas-based Stephens Ar has invested 0.02% in Whirlpool Corporation (NYSE:WHR). Grimes Co holds 1,624 shares. Public Sector Pension Board reported 4,002 shares stake. Ny State Common Retirement Fund holds 145,100 shares or 0.03% of its portfolio. 537 were reported by Whittier Tru Co. Oppenheimer And invested in 0.01% or 2,688 shares. 76,178 are held by First Republic Inv Mgmt. Bb&T Secs Ltd Limited Liability Company owns 16,704 shares for 0.03% of their portfolio. Creative Planning owns 0% invested in Whirlpool Corporation (NYSE:WHR) for 4,199 shares. Hightower Advsrs Ltd Liability holds 0.01% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 5,741 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 17,050 shares.

Since April 30, 2018, it had 0 insider buys, and 1 sale for $303,908 activity.

The stock of Whirlpool Corporation (WHR) shows a multiple bottoms pattern with $143.31 target or 8.00 % below today’s $155.77 share price. The 8 months chart pattern indicates high risk for the $10.05B company. It was reported on Jul, 14 by Finviz.com. If the $143.31 price target is reached, the company will be worth $804.08M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.31% or $0.48 during the last trading session, reaching $155.77. About 876,394 shares traded. Whirlpool Corporation (NYSE:WHR) has declined 16.26% since July 14, 2017 and is downtrending. It has underperformed by 28.83% the S&P500.

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on July, 23 after the close. They expect $3.83 EPS, up 14.33 % or $0.48 from last year’s $3.35 per share. WHR’s profit will be $247.13M for 10.17 P/E if the $3.83 EPS becomes a reality. After $2.81 actual EPS reported by Whirlpool Corporation for the previous quarter, Wall Street now forecasts 36.30 % EPS growth.

Whirlpool Corporation (NYSE:WHR) Ratings Coverage

Among 8 analysts covering Whirlpool (NYSE:WHR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Whirlpool has $18400 highest and $165 lowest target. $177.80’s average target is 14.14% above currents $155.77 stock price. Whirlpool had 9 analyst reports since January 26, 2018 according to SRatingsIntel. Raymond James upgraded the stock to “Buy” rating in Friday, January 26 report. Credit Suisse upgraded the stock to “Outperform” rating in Monday, June 4 report. JP Morgan maintained the stock with “Overweight” rating in Friday, June 1 report. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, April 4. The stock has “Hold” rating by Bank of America on Monday, April 9. The firm has “Neutral” rating given on Tuesday, April 24 by Credit Suisse. The rating was downgraded by KeyBanc Capital Markets on Friday, January 26 to “Sector Weight”. The firm earned “Hold” rating on Monday, April 23 by RBC Capital Markets.

Whirlpool Corporation manufactures and markets home appliances and related products worldwide. The company has market cap of $10.05 billion. The companyÂ’s principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances. It has a 33.14 P/E ratio. It also produces hermetic compressors for refrigeration systems.

Whirlpool Corporation (NYSE:WHR) Institutional Positions Chart

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