KeyBanc maintains Welbilt [WBT] at Overweight rating with an $18 price target

KeyBanc maintained its Welbilt [WBT] rating to the equivalent of Overweight but changed the price ‎target to $18, in a research note dated 2021-01-05. That figure represents around a 43.2% premium ‎from where the company’s shares closed on Monday. Meanwhile, Buckingham Research had lowered ‎its rating on WBT to “Neutral” from the earlier “Buy”, in a research note produced for clients December ‎‎11, 2019. In addition, BMO Capital Markets launched coverage on October 18, 2019. The research firm ‎rated WBT “a Market perform”.

Get the hottest stocks to trade every ‎day before the market opens 100% free. Click here now. 

Is Welbilt Inc. ‎‎[NYSE:WBT] a Good Buy Right Now?

It should be noted that WBT technical indicators for short, ‎intermediate as well as long term progress have placed an overall average of 100% as Buy. The average ‎signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data ‎from Welbilt Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is ‎‎1.81 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the ‎last 50 days, the average trading volume was 2.0 million shares while the medium term average ‎advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average ‎volume stands at 1.73 million shares.

Discover Tomorrow's Stocks Today!

When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.

Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored

WBT Price Performance

On Wall Street, Welbilt Inc. ‎‎[NYSE:WBT] finished Monday’s session down -4.77% at $12.57. The stock went up to $13.61 at the ‎same session while its lowest single day price was $12.401. In the last five days, it saw a rise of about ‎‎2.28%, Welbilt Inc. shares dropped by almost -4.77% since the beginning of the year. However, the ‎share price has dropped to as low as -20.34% below its one year high. On 01/04/21, the company ‎shares recorded $13.61, the highest single-day price it has got to in the last 52-weeks and a 52-week ‎low was seen on 01/04/21, the same year at $12.40. The company’s shares have declined by -19.01% in ‎the past year. The 50-day SMA achieved is $9.70 while the 200-day SMA is $6.98. Volume dropped to ‎‎1.96 million from 2.0 million in the previous session.

WBT Stock Support And Resistance ‎Levels

On the 24-hour scale, the immediate backing is perceived around 12.11 level, and in case ‎of violation of this particular level, it will cause more drop to 11.65 level. On the upper level, 14.07 is still ‎the key resistance. The stock may increase to the subsequent resistance at 13.32. The Relative ‎Strength Index (RSI) pinned on the 14-day chart is 63.21, implying a neutral technical stance while the ‎MACD stands at 0.76, meaning price will decrease in the next trading period. Percent R indicator ‎moved to 38.52%, implying low price movement. Stochastic %K at 79.21% suggest selling the ‎stock.

What is the short interest in Welbilt Inc.?

Short interest in the Welbilt Inc. stock has ‎surged, increasing by 0.51 million shares to total 6.61 million shares on Dec 14, 2020. The interest had ‎seen shares on Nov 12, 2020 stand at 7.12 million, data from Yahoo Finance shows. The decrease of -‎‎7.72% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) ‎moved to while the shorted shares account for just 4.69% of the overall float for the stock.

Welbilt ‎Inc.’s Biggest Shareholders: Who Owns Welbilt Inc. [WBT]?

Filings by Icahn Associates Holding LLC ‎showed that the firm now holds a total of 11,942,238 shares or roughly 8.44% of the outstanding WBT ‎shares. This means their shares have reduced by 0 from the 11,942,238 the investor reportedly held in ‎its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth ‎‎$101,907,921. Details in the latest 13F filings reveal that Champlain Investment Partners LLC disposed ‎off their -0.08% stake valued at $73,680,620 while BlackRock Fund Advisors cut theirs at $71,784,752. ‎During the last quarter, Champlain Investment Partners LLC liquidated -6,520 of its shares in Welbilt ‎Inc. while BlackRock Fund Advisors sold -681,155 shares. The Invesco Advisers, Inc.’s holdings currently ‎number 6,871,430 shares at $86373875.1. According to the firm’s last 13F report, Turtle Creek Asset ‎Management, In shares in the company at filing stood at 6,335,222 shares, roughly ‎‎$59,867,848.

WBT Earnings Forecast For The Current Quarter

Welbilt Inc. [WBT] is expected ‎to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the ‎company expected revenues of $287.33M and an earnings per share of $0.03 for Dec 2020. Looking ‎further ahead, the company is expected to report revenue of $276.53M at an EPS of $0 for Mar 2021. ‎The estimates represent downside of 12.40% and 670.73% in the company’s revenue and earnings per ‎share, respectively, on a year-on-year basis.

Get the hottest stocks to ‎trade every day before the market opens 100% free. Click here ‎now. 

WBT Earnings Estimates For The Current Year

For the ‎financial year, Welbilt Inc. [NYSE:WBT] is expected to bring in revenue of $1.12B. The returns are nearly ‎‎$-470.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of ‎EPS for the 2020, estimate put it at 0.04, lower than that of FY19 by -$0.64. Estimates put this year’s ‎earnings growth at -94.10%, 700.00% for the next, and at an annual -9.70% over the next 5-year period. ‎As for sales, forecasts are for a decrease of -29.80% in the current fiscal year and a further 12.40% over ‎the following year.‎

Most Popular

Related posts