Whirlpool (NYSE:WHR) Reaches New 12-Month Low Following Analyst Downgrade

Whirlpool Corporation (NYSE:WHR) shares reached a new 52-week low during trading on Monday after Stifel Nicolaus lowered their price target on the stock from $37.00 to $30.00. Stifel Nicolaus currently has a hold rating on the stock. Whirlpool traded as low as $26.00 and last traded at $26.4250, with a volume of 3,057,029 shares. The stock had previously closed at $28.11.

Other research analysts have also issued research reports about the company. Longbow Research reaffirmed a “neutral” rating on shares of Whirlpool in a research report on Monday, October 19th. Mizuho lowered their target price on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen cut shares of Whirlpool from a “sell” rating to a “strong sell” rating in a report on Saturday. BNP Paribas Exane began coverage on shares of Whirlpool in a research report on Monday, July 13th. They issued a “neutral” rating and a $43.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Whirlpool from $39.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $35.67.

Hedge Funds Weigh In On Whirlpool

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA purchased a new stake in shares of Whirlpool in the second quarter valued at about $141,801,000. RWWM Inc. increased its stake in shares of 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 purchasing an additional 1,591,849 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Whirlpool during the second quarter worth $61,003,000. Nykredit A S purchased a new position in Whirlpool during the second quarter worth $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Whirlpool in the second quarter worth $24,601,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Performance

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 stock has a fifty day moving average price of $33.83 and a two-hundred day moving average price of $40.18. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 24.99 and a beta of 1.21.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) EPS 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 analyst estimates of $3.55 billion. During the same period in the previous year, the business earned $1.34 EPS. The firm’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. As a group, analysts forecast that Whirlpool Corporation will post 1.13 EPS for the current fiscal year.

About Whirlpool

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.