Whirlpool (NYSE:WHR) Hits New 1-Year Low Following Analyst Downgrade

Whirlpool Corporation (NYSE:WHR) reached a new 52-week low on Monday after Wells Fargo & Company lowered their price target on the stock from $39.00 to $30.00. Wells Fargo & Company currently has an equal weight rating on the stock. Whirlpool traded as low as $26.54 and last traded at $26.7220, with a volume of 442,361 shares. The stock had previously closed at $27.89.

Other research analysts have also recently issued reports about the stock. Citigroup reduced their target price on shares of Whirlpool from $48.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. The Goldman Sachs Group lowered their price target on shares of Whirlpool from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Royal Bank Of Canada lowered their price target on shares of Whirlpool from $32.00 to $22.00 and set an “underperform” rating for the company in a report on Wednesday, October 7th. Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered shares of Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Nine investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $36.44.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors have recently modified their holdings of WHR. Primecap Management Co. CA acquired a new stake in Whirlpool during the second quarter valued at approximately $141,801,000. RWWM Inc. lifted its holdings in Whirlpool by 191.6% during the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after buying an additional 1,591,849 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Whirlpool during the 2nd quarter worth approximately $61,003,000. Nykredit A S acquired a new position in shares of Whirlpool in the 2nd quarter worth approximately $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Whirlpool in the 2nd quarter worth approximately $24,601,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Down 2.5%

The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. The firm has a market capitalization of $1.77 billion, a P/E ratio of 9.31, a P/E/G ratio of 12.40 and a beta of 1.21. The stock has a fifty day moving average price of $35.32 and a two-hundred day moving average price of $41.15.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) 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 firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The business’s revenue was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Research analysts forecast that Whirlpool Corporation will post 2.25 EPS for the current year.

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.