Whirlpool (NYSE:WHR) Price Target Lowered to $36.00 at Bank of America

Whirlpool (NYSE:WHR) had its price objective decreased by equities researchers at Bank of America from $43.00 to $36.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s target price would indicate a potential downside of 7.54% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. JPMorgan Chase & Co. cut their price objective on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. BNP Paribas Exane raised Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Stifel Nicolaus set a $55.00 target price on Whirlpool in a report on Monday, May 4th. Finally, Zacks Research downgraded Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $67.11.

Whirlpool Price Performance

Whirlpool stock opened at $38.94 on Monday. The company’s 50 day simple moving average is $46.69 and its 200-day simple moving average is $63.73. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.48 and a current ratio of 0.88. Whirlpool has a 1 year low of $38.20 and a 1 year high of $111.96. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 15.34 and a beta of 1.15.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the previous year, the business posted $1.70 EPS. The business’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. As a group, equities research analysts expect that Whirlpool will post 2.53 earnings per share for the current year.

Hedge Funds Weigh In On Whirlpool

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new position in shares of Whirlpool in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after acquiring an additional 208 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Whirlpool by 172.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after acquiring an additional 246 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Whirlpool in the fourth quarter valued at $35,000. Finally, SBI Securities Co. Ltd. grew its stake in Whirlpool by 113.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors 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.