Bank of America Cuts Whirlpool (NYSE:WHR) Price Target to $31.00

Whirlpool (NYSE:WHR) had its target price reduced by Bank of America from $38.00 to $31.00 in a research note published on Friday morning,Benzinga reports. Bank of America currently has an underperform rating on the stock.

WHR has been the topic of several other reports. Wells Fargo & Company reduced their price target on Whirlpool from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Finally, BNP Paribas Exane began coverage on Whirlpool in a research note on Monday, July 13th. They issued a “neutral” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Whirlpool has a consensus rating of “Reduce” and an average target price of $45.44.

Whirlpool Stock Performance

Whirlpool stock opened at $35.32 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 1 year low of $35.07 and a 1 year high of $94.82. The company has a market cap of $2.30 billion, a PE ratio of 12.10, a PEG ratio of 15.65 and a beta of 1.18. The company’s 50-day moving average is $39.40 and its two-hundred day moving average is $46.06.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.15). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Equities analysts anticipate that Whirlpool will post 2.25 earnings per share for the current year.

Hedge Funds Weigh In On Whirlpool

Institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in Whirlpool by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock worth $1,338,000 after buying an additional 109 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Whirlpool by 0.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 52,944 shares of the company’s stock worth $4,161,000 after acquiring an additional 144 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Whirlpool by 3.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock worth $522,000 after acquiring an additional 150 shares in the last quarter. Abel Hall LLC raised its position in shares of Whirlpool by 1.4% in the 3rd quarter. Abel Hall LLC now owns 12,044 shares of the company’s stock worth $947,000 after acquiring an additional 162 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its stake in shares of Whirlpool by 2.8% in the 3rd quarter. Equitable Holdings Inc. now owns 6,298 shares of the company’s stock valued at $495,000 after purchasing an additional 170 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation is a global manufacturer and marketer of home appliances. The company develops products designed for food preservation, laundry, cooking, dishwashing and other household needs, serving consumers through retail, e-commerce and builder channels.

Its product portfolio includes refrigerators and freezers, washing machines and dryers, ranges and ovens, dishwashers, microwaves and other kitchen appliances. Whirlpool markets products under brands including Whirlpool, Maytag, KitchenAid, Amana and JennAir, with brand availability varying by market.

Founded in 1911 as the Upton Machine Company, Whirlpool is headquartered in Benton Harbor, Michigan.