Whirlpool Corporation (NYSE:WHR) Stock Has Average Price Target of $36.44

Shares of Whirlpool Corporation (NYSE:WHR) have been assigned an average recommendation of “Reduce” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $36.44.

Several brokerages recently commented on WHR. Wells Fargo & Company cut their price target on shares of Whirlpool from $39.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Stifel Nicolaus decreased their price objective on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Mizuho dropped their price objective on Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. BNP Paribas Exane initiated coverage on Whirlpool in a report on Monday, July 13th. They set a “neutral” rating and a $43.00 price objective on the stock. Finally, Zacks Research cut Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th.

Whirlpool Stock Up 8.8%

WHR stock opened at $28.88 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. Whirlpool has a twelve month low of $26.08 and a twelve month high of $94.82. The company’s 50 day moving average is $34.10 and its two-hundred day moving average is $40.38. The stock has a market cap of $1.88 billion, a P/E ratio of 10.96, a PEG ratio of 23.58 and a beta of 1.21.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.15). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Whirlpool had a return on equity of 4.18% and a net margin of 1.17%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Research analysts expect that Whirlpool will post 1.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Whirlpool

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

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.