Bank of America Issues Pessimistic Forecast for Whirlpool (NYSE:WHR) Stock Price

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

A number of other research firms have also weighed in on WHR. Citigroup decreased their target price on shares of Whirlpool from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings lowered Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Zacks Research downgraded Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. JPMorgan Chase & Co. lowered their price objective on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Stifel Nicolaus set a $55.00 target price on Whirlpool in a report on Monday, May 4th. 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 stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $67.11.

Whirlpool Price Performance

NYSE:WHR opened at $38.94 on Monday. The stock has a 50 day moving average of $46.69 and a two-hundred day moving average of $63.73. Whirlpool has a 12 month low of $38.20 and a 12 month high of $111.96. The firm has a market cap of $2.52 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 15.34 and a beta of 1.15. 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 issued its quarterly 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 return on equity of 7.68% and a net margin of 1.08%.The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, analysts expect that Whirlpool will post 2.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WHR. Flagship Harbor Advisors LLC acquired a new stake in Whirlpool during the fourth quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Whirlpool by 172.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after purchasing an additional 246 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Whirlpool during the 4th quarter worth $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after purchasing an additional 208 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in shares of 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 during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

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.