KeyBanc Thinks Welbilt Inc’s Stock is Going to Recover


In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Welbilt Inc (WBT), with a price target of $22. The company’s shares closed yesterday at $14.26, close to its 52-week low of $13.89.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 9.0% and a 59.3% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Circor International, Enpro Industries, and Generac Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Welbilt Inc with a $22.75 average price target, a 59.5% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $19 price target.

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Welbilt Inc’s market cap is currently $2B and has a P/E ratio of 16.11. The company has a Price to Book ratio of 14.18.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Welbilt, Inc. operates as a commercial foodservice equipment company. It designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market. It operates through following segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America.

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