Whirlpool: S&P Intraday Laggard

NEW YORK ( TheStreet) -- Whirlpool ( WHR) was the worst-performing stock in the S&P 500 Friday morning.

The S&P fell 0.29 points, or 0.02%, to 1,402.31 in early trading Friday.

Shares of Whirlpool dropped 2.7% to $76.69. The company announced Thursday that Joao Brega was named executive vice president; current executive vice president Jose Drummond Jr. was named CEO of the company's European and African division. Brega previously served as CEO of the company's Embraco line.

Whirlpool has an estimated price-to-earnings ratio for next year of 11.18 times; the average for durable household products companies is 11.04. For comparison, Newell Rubbermaid ( NWL) has a lower forward P/E of 10.19; Stanley Black & Decker's ( SWK) forward P/E is 12.14.

Three of the seven analysts who cover Whirlpool rated it hold. Two analysts gave the stock a buy rating and another two rated it sell.

TheStreet Ratings gives Whirlpool a B grade with a buy rating and a $84.82 price target. The stock has risen 62.55% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Investing

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Bitcoin Today: Prices Continue to Slump Heading Into Weekend

Bitcoin Today: Prices Continue to Slump Heading Into Weekend

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists