Bank of America Has Lowered Expectations for Whirlpool (NYSE:WHR) Stock Price

Whirlpool (NYSE:WHR) had its price target reduced by analysts at Bank of America from $38.00 to $31.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s price objective suggests a potential downside of 13.27% from the company’s current price.

WHR has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Whirlpool from $30.00 to $32.00 and gave the company an “underperform” rating 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. Citigroup reiterated a “neutral” rating on shares of Whirlpool in a report on Thursday, August 6th. Finally, BNP Paribas Exane assumed coverage on Whirlpool in a research report on Monday, July 13th. They set a “neutral” rating and a $43.00 target price on the stock. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $45.44.

Whirlpool Stock Down 0.4%

Shares of WHR opened at $35.74 on Friday. The business’s 50 day simple moving average is $39.45 and its 200-day simple moving average is $46.39. Whirlpool has a 1 year low of $35.32 and a 1 year high of $94.82. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 16.37 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WHR. Primecap Management Co. CA purchased a new stake in shares of Whirlpool in the second quarter worth approximately $141,801,000. California State Teachers Retirement System boosted its holdings in Whirlpool by 3,928.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,626,121 shares of the company’s stock valued at $103,522,000 after acquiring an additional 2,560,926 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Whirlpool by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,429,230 shares of the company’s stock valued at $175,245,000 after acquiring an additional 80,122 shares during the period. RWWM Inc. grew its position in 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 last quarter. Finally, Newport Trust Company LLC increased its stake in Whirlpool by 10.2% in the fourth 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 period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

About Whirlpool

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.