Raymond James Downgrades Whirlpool Corporation to Market Perform

Brokerage firm Raymond James Downgrades its rating on Whirlpool Corporation(NYSE:WHR). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jul 22, 2016.

Whirlpool Corporation (WHR) made into the market gainers list on Thursdays trading session with the shares advancing 0.92% or 1.76 points. Due to strong positive momentum, the stock ended at $192.38, which is also near the day’s high of $193.025. The stock began the session at $190.62 and the volume stood at 9,36,494 shares. The 52-week high of the shares is $193.59 and the 52 week low is $123.6. The company has a current market capitalization of $14,514 M and it has 7,54,44,274 shares in outstanding.

Whirlpool Corporation(WHR) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.20B. Analysts had an estimated revenue of $5.13B. Earnings per share were $3.50. Analysts had estimated an EPS of $3.37.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Larry M Venturelli (EXEC. VICE PRESIDENT AND CFO) sold 20,428 shares at $176.25 per share price.Also, On May 12, 2016, Michael D White (director) purchased 2,700 shares at $172.78 per share price.On May 12, 2016, David T Szczupak (EXECUTIVE VICE PRESIDENT) sold 11,000 shares at $177.12 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.

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