Whirlpool (NYSE:WHR) Stock Gets Price Target Cut from Citigroup

Whirlpool (NYSE:WHR) had its target price reduced by Citigroup from $32.00 to $30.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently weighed in on WHR. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research note on Wednesday, August 19th. The Goldman Sachs Group decreased their price objective on Whirlpool from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company cut their price objective on Whirlpool from $30.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Longbow Research downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating in a research note on Monday, October 19th. Eight equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Reduce” and an average price target of $32.22.

Whirlpool Price Performance

WHR stock opened at $29.88 on Wednesday. The stock’s 50 day moving average price is $32.66 and its 200 day moving average price is $48.87. Whirlpool has a 1 year low of $25.50 and a 1 year high of $94.82. The firm has a market cap of $1.96 billion, a P/E ratio of 244.58 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.71 and a current ratio of 1.14.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 26th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.94). The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Whirlpool had a negative net margin of 0.93% and a positive return on equity of 0.47%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. On average, sell-side analysts expect that Whirlpool will post -1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHR. Kelleher Financial Advisors bought a new stake in shares of Whirlpool during the 2nd quarter worth $28,000. Silvant Capital Management LLC acquired a new position in Whirlpool during the 2nd quarter worth $29,000. SJS Investment Consulting Inc. bought a new stake in Whirlpool during the first quarter valued at about $45,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Whirlpool during the first quarter valued at about $46,000. Finally, North Star Investment Management Corp. grew its position in shares of Whirlpool by 184.0% in the first quarter. North Star Investment Management Corp. now owns 926 shares of the company’s stock valued at $50,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Company Profile

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.