JPMorgan Chase & Co. Has Lowered Expectations for Whirlpool (NYSE:WHR) Stock Price

Whirlpool (NYSE:WHR) had its price objective lowered by JPMorgan Chase & Co. from $59.00 to $52.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 25.17% from the company’s previous close.

Several other analysts have also commented on WHR. Bank of America cut their target price on shares of Whirlpool from $60.00 to $50.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Stifel Nicolaus set a $55.00 price target on shares of Whirlpool in a research report on Monday, May 4th. Mizuho started coverage on shares of Whirlpool in a research note on Monday, April 20th. They issued a “neutral” rating and a $55.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $37.00 to $32.00 and set an “underperform” rating on the stock in a research note on Friday. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $68.89.

Whirlpool Price Performance

WHR stock traded down $3.42 on Monday, hitting $41.55. 1,817,226 shares of the company’s stock traded hands, compared to its average volume of 2,622,688. Whirlpool has a 1-year low of $41.55 and a 1-year high of $111.96. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 10.43 and a beta of 1.23. The stock has a fifty day moving average of $56.65 and a 200-day moving average of $70.43. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 1.48.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, May 6th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.99). Whirlpool had a net margin of 1.08% and a return on equity of 7.68%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, analysts forecast that Whirlpool will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Whirlpool by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,429,230 shares of the company’s stock worth $175,245,000 after purchasing an additional 80,122 shares during the last quarter. 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 during the last quarter. Newport Trust Company LLC increased its stake in shares of Whirlpool by 10.2% during the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after purchasing an additional 221,564 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Whirlpool by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock worth $92,472,000 after purchasing an additional 29,162 shares during the last quarter. Finally, Causeway Capital Management LLC increased its stake in shares of Whirlpool by 42.3% during the 3rd quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock worth $48,499,000 after purchasing an additional 183,496 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.