Shares of Welbilt Inc (NYSE:WBT) have been given an average rating of “Hold” by the nine analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.40.
Several analysts have issued reports on WBT shares. Seaport Global Securities reaffirmed a “buy” rating on shares of Welbilt in a research report on Tuesday, February 27th. Susquehanna Bancshares set a $24.00 target price on Welbilt and gave the company a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Welbilt from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, January 13th. Citigroup reduced their target price on Welbilt from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 5th. Finally, Barclays started coverage on Welbilt in a research note on Tuesday, December 12th. They set an “overweight” rating and a $25.00 target price for the company.
In other news, COO Josef Matosevic sold 1,681 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $21.79, for a total transaction of $36,628.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 7,765 shares of company stock valued at $157,725. Company insiders own 0.67% of the company’s stock.
Shares of Welbilt (NYSE:WBT) traded up $0.04 during trading hours on Friday, reaching $20.22. 939,015 shares of the company’s stock traded hands, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.32 and a quick ratio of 0.80. Welbilt has a one year low of $18.51 and a one year high of $23.77. The firm has a market capitalization of $2,830.00 and a P/E ratio of 28.08.
Welbilt (NYSE:WBT) last issued its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Welbilt had a net margin of 9.27% and a return on equity of 312.48%. The company had revenue of $365.90 million during the quarter, compared to the consensus estimate of $382.51 million. During the same quarter last year, the company earned $0.16 earnings per share. Welbilt’s revenue for the quarter was down 3.4% on a year-over-year basis. equities research analysts anticipate that Welbilt will post 0.88 EPS for the current year.
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Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.
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