Somewhat Positive Press Coverage Somewhat Unlikely to Affect Welbilt (WBT) Share Price
Press coverage about Welbilt (NYSE:WBT) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Welbilt earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.4307866095629 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Welbilt from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Saturday, January 13th. Barclays began coverage on shares of Welbilt in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $25.00 price target on the stock. Finally, Citigroup increased their price target on shares of Welbilt from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $24.40.
Welbilt (WBT) opened at $20.75 on Friday. The company has a debt-to-equity ratio of 29.38, a current ratio of 1.35 and a quick ratio of 0.79. Welbilt has a 52-week low of $17.55 and a 52-week high of $23.77. The firm has a market cap of $2,883.73, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91.
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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