Bank of America Lowers Whirlpool (NYSE:WHR) Price Target to $50.00
by Amy Steele · The Cerbat GemWhirlpool (NYSE:WHR – Get Free Report) had its target price cut by analysts at Bank of America from $60.00 to $50.00 in a report issued on Monday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s price objective would indicate a potential downside of 11.89% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Whirlpool from $75.00 to $68.00 and set a “hold” rating on the stock in a research note on Monday, March 2nd. JPMorgan Chase & Co. decreased their price objective on Whirlpool from $76.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Mizuho started coverage on Whirlpool in a research note on Monday. They issued a “neutral” rating and a $55.00 price objective on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. Finally, BNP Paribas Exane raised Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $76.13.
Read Our Latest Stock Report on WHR
Whirlpool Stock Down 0.1%
WHR stock opened at $56.75 on Monday. Whirlpool has a fifty-two week low of $50.41 and a fifty-two week high of $111.96. The business’s 50-day moving average is $64.27 and its two-hundred day moving average is $72.17. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.40 and a current ratio of 0.76. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 2.79 and a beta of 1.30.
Whirlpool (NYSE:WHR – Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.44). Whirlpool had a return on equity of 12.98% and a net margin of 2.04%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the business earned $4.57 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. As a group, analysts forecast that Whirlpool will post 9.52 earnings per share for the current year.
Institutional Trading of Whirlpool
Several institutional investors have recently made changes to their positions in WHR. NewEdge Advisors LLC grew its position in shares of Whirlpool by 56.7% during the first quarter. NewEdge Advisors LLC now owns 3,120 shares of the company’s stock worth $281,000 after purchasing an additional 1,129 shares in the last quarter. Empowered Funds LLC grew its holdings in Whirlpool by 206.5% during the 1st quarter. Empowered Funds LLC now owns 8,528 shares of the company’s stock valued at $769,000 after buying an additional 5,746 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Whirlpool by 15.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company’s stock valued at $19,371,000 after buying an additional 27,995 shares in the last quarter. Invesco Ltd. grew its holdings in Whirlpool by 3.2% during the 2nd quarter. Invesco Ltd. now owns 229,566 shares of the company’s stock valued at $23,283,000 after buying an additional 7,151 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.
Whirlpool Company Profile
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.