Whirlpool (NYSE:WHR) Stock Gets Price Target Cut from Royal Bank Of Canada

by · The Markets Daily

Whirlpool (NYSE:WHR – Free Report) had its price objective trimmed by Royal Bank Of Canada from $32.00 to $22.00 in a research note released on Wednesday morning, MarketBeat.com reports. The firm currently has an underperform rating on the stock.

A number of other research firms have also weighed in on WHR. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, August 5th. BNP Paribas Exane began coverage on shares of Whirlpool in a research note on Monday, July 13th. They issued a “neutral” rating and a $43.00 target price on the stock. Citigroup reiterated a “neutral” rating on shares of Whirlpool in a report on Thursday, August 6th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Whirlpool from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $44.33.

View Our Latest Report on Whirlpool

Whirlpool Stock Down 1.1%

WHR opened at $28.84 on Wednesday. The company has a market cap of $1.88 billion, a P/E ratio of 9.88, a P/E/G ratio of 12.96 and a beta of 1.21. The business’s 50-day moving average price is $36.79 and its 200-day moving average price is $42.11. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. Whirlpool has a 12 month low of $28.39 and a 12 month high of $94.82.

Whirlpool (NYSE:WHR – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.15). Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, equities analysts expect that Whirlpool will post 2.25 EPS for the current year.

Hedge Funds Weigh In On Whirlpool

A number of hedge funds and other institutional investors have recently made changes to their positions in WHR. GAMMA Investing LLC lifted its position in shares of Whirlpool by 14.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,061 shares of the company’s stock worth $94,000 after purchasing an additional 398 shares during the period. Farther Finance Advisors LLC increased its position in shares of Whirlpool by 171.2% during the third quarter. Farther Finance Advisors LLC now owns 4,705 shares of the company’s stock valued at $144,000 after buying an additional 2,970 shares during the period. Kwmg LLC raised its stake in Whirlpool by 16.3% in the third quarter. Kwmg LLC now owns 89,584 shares of the company’s stock worth $2,748,000 after buying an additional 12,565 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Whirlpool in the second quarter worth about $342,000. Finally, IPG Investment Advisors LLC lifted its holdings in Whirlpool by 46.1% in the second quarter. IPG Investment Advisors LLC now owns 98,935 shares of the company’s stock worth $3,900,000 after buying an additional 31,200 shares during the period. Institutional investors own 90.78% of the company’s stock.

About Whirlpool

(Get Free Report)

Whirlpool Corporation is a global manufacturer and marketer of home appliances, serving consumers through a portfolio of well-known brands that includes Whirlpool, Maytag, KitchenAid, Amana and JennAir. Its products are sold through retailers, distributors and other channels to residential customers in multiple markets.

The company’s primary product categories include refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers. Through KitchenAid and other brands, Whirlpool also offers small domestic appliances and related products designed for food preparation and household use.

Whirlpool traces its history to 1911, when the Upton Machine Company began producing electric washing machines.

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