Whirlpool (NYSE:WHR) Stock Gets Price Target Trim from Wells Fargo & Company

Whirlpool (NYSE:WHR) had its price objective lowered by Wells Fargo & Company from $39.00 to $30.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

WHR has been the subject of a number of other reports. Citigroup cut their price objective on shares of Whirlpool from $48.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Stifel Nicolaus decreased their target price on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group lowered their target price on shares of Whirlpool from $48.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. 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. Finally, Bank of America cut their price target on shares of Whirlpool from $38.00 to $31.00 and set an “underperform” rating for the company in a report on Friday, September 11th. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $36.44.

Whirlpool Stock Up 0.1%

Shares of NYSE WHR opened at $27.91 on Friday. Whirlpool has a 52 week low of $27.15 and a 52 week high of $94.82. The business has a 50-day simple moving average of $35.32 and a two-hundred day simple moving average of $41.15. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. The company has a market cap of $1.82 billion, a P/E ratio of 9.56, a P/E/G ratio of 12.40 and a beta of 1.21.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the firm earned $1.34 EPS. The firm’s quarterly 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. Research analysts anticipate that Whirlpool will post 2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Whirlpool

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC grew its stake in shares of Whirlpool by 2.6% in the first quarter. Hsbc Holdings PLC now owns 7,720 shares of the company’s stock worth $416,000 after purchasing an additional 199 shares during the last quarter. GAMMA Investing LLC raised its stake in Whirlpool by 14.9% in the third quarter. GAMMA Investing LLC now owns 3,061 shares of the company’s stock worth $94,000 after buying an additional 398 shares in the last quarter. TCM Advisors LLC raised its stake in Whirlpool by 3.9% in the first quarter. TCM Advisors LLC now owns 10,618 shares of the company’s stock worth $573,000 after buying an additional 400 shares in the last quarter. PFG Investments LLC raised its stake in Whirlpool by 3.7% in the first quarter. PFG Investments LLC now owns 11,113 shares of the company’s stock worth $599,000 after buying an additional 401 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in Whirlpool by 1.2% in the second quarter. Angeles Wealth Management LLC now owns 39,171 shares of the company’s stock worth $1,544,000 after buying an additional 474 shares during the period. 90.78% of the stock is currently owned by institutional investors.

About Whirlpool

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.