The shares of Welbilt Inc. (NYSE:WBT) has been pegged with a rating of Neutral by Buckingham Research in its latest research note that was published on December 11, 2019. Buckingham Research wasn’t the only research firm that published a report of Welbilt Inc., with other equities research analysts also giving their opinion on the stock. BMO Capital Markets advised investors in its research note published on October 18, 2019, to Market Perform the WBT stock while also putting a $19 price target. The stock had earned Buy rating from Citigroup Markets when it published its report on July 10, 2019. That day the Citigroup set price target on the stock to $19. Buckingham Research was of a view that WBT is Buy in its latest report on May 24, 2018. Longbow thinks that WBT is worth Buy rating.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $12.75. The price of the stock the last time has raised by 44.48% from its 52-Week high price while it is -76.88% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 21.06.
The shares of the company dipped by -4.38% during the trading session on Wednesday, reaching a low of $4.39 while ending the day at $4.58. During the trading session, a total of 3.9 million shares were traded which represents a -113.24% decline from the average session volume which is 1.83 million shares. WBT had ended its last session trading at $4.79. Welbilt Inc. currently has a market cap of $532.38 million, while its P/E ratio stands at 11.59, while its P/E earnings growth sits at 0.61, with a beta of 2.48. Welbilt Inc. debt-to-equity ratio currently stands at 5.55, while its quick ratio hovers at 1.00 WBT 52-week low price stands at $3.17 while its 52-week high price is $19.81.
The company in its last quarterly report recorded $0.19 earnings per share which is above the predicted by most analysts. The Welbilt Inc. generated 130.7 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.22 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 73.68%. Welbilt Inc. has the potential to record 0.69 EPS for the current fiscal year, according to equities analysts.
A look at its technical shows that NZF’s 50-day SMA is 15.75 while its 200-day SMA stands at 16.01. The stock has a high of $16.79 for the year while the low is $10.61. The company’s P/E ratio currently sits at 5.64, while the P/B ratio is 0.80. The company’s average trading volume currently stands at 401.24K shares, which means that the short-interest ratio is just 0.03 days. Over the past seven days, the company moved, with its shift of 13.50%. Looking further, the stock has dropped -18.58% over the past 90 days while it lost -18.02% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The UBS Financial Services, Inc. bought more NZF shares, increasing its portfolio by 4.31% during the last quarter. This move now sees The UBS Financial Services, Inc. purchasing 77,233 shares in the last quarter, thus it now holds 1,868,112 shares of NZF, with a total valuation of $30,431,544. Morgan Stanley Smith Barney LLC (… meanwhile sold more NZF shares in the recently filed quarter, changing its stake to $26,270,378 worth of shares.
Similarly, MacKay Shields LLC decreased its Nuveen Municipal Credit Income Fund shares by 0.00% during the recently filed quarter. After selling 1,265,291 shares in the last quarter, the firm now controls 0 shares of Nuveen Municipal Credit Income Fund which are valued at $20,611,590. In the same vein, Merrill Lynch, Pierce, Fenner & S… decreased its Nuveen Municipal Credit Income Fund shares by during the most recent reported quarter. The firm bought 122,849 shares during the quarter which decreased its stakes to 1,095,581 shares and is now valued at $17,847,014.