Citigroup Lowers Whirlpool (NYSE:WHR) Price Target to $42.00

Whirlpool (NYSE:WHR) had its target price dropped by Citigroup from $50.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 9.12% from the company’s previous close.

A number of other research analysts also recently issued reports on WHR. Royal Bank Of Canada cut their price objective on Whirlpool from $32.00 to $30.00 and set an “underperform” rating for the company in a research note on Tuesday, June 16th. Mizuho assumed coverage on shares of Whirlpool in a report on Monday, April 20th. They set a “neutral” rating and a $55.00 price target on the stock. BNP Paribas Exane started coverage on shares of Whirlpool in a research note on Monday. They issued a “neutral” rating and a $43.00 price objective for the company. Bank of America dropped their target price on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a report on Monday, June 22nd. Finally, Weiss Ratings lowered Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $54.89.

Whirlpool Stock Down 0.9%

Whirlpool stock traded down $0.36 during trading hours on Tuesday, hitting $38.49. The stock had a trading volume of 463,637 shares, compared to its average volume of 2,693,811. The stock’s 50-day moving average price is $41.08 and its 200-day moving average price is $59.41. The stock has a market capitalization of $2.50 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 23.54 and a beta of 1.16. Whirlpool has a 12-month low of $36.01 and a 12-month high of $106.50. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.48.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Whirlpool had a net margin of 1.08% and a return on equity of 7.68%. The business’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. Equities research analysts anticipate that Whirlpool will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WHR. Flagship Harbor Advisors LLC purchased a new position in Whirlpool during the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its stake in Whirlpool by 172.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock worth $28,000 after purchasing an additional 246 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in shares of Whirlpool during the fourth quarter worth $35,000. EverSource Wealth Advisors LLC increased its stake in Whirlpool by 129.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after buying an additional 208 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Whirlpool by 113.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after buying an additional 280 shares during the period. 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.