Whirlpool (NYSE:WHR) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen lowered shares of Whirlpool (NYSE:WHR) from a sell rating to a strong sell rating in a report issued on Saturday,Wall Street Zen reports.

WHR has been the topic of several other research reports. BNP Paribas Exane started coverage on Whirlpool in a research report on Monday, July 13th. They issued a “neutral” rating and a $43.00 price objective on the stock. Citigroup dropped their price objective on shares of Whirlpool from $48.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Finally, Wells Fargo & Company decreased their target price on shares of Whirlpool from $39.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $36.44.

Whirlpool Trading Down 2.4%

Shares of Whirlpool stock opened at $28.11 on Friday. 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 firm has a fifty day moving average price of $33.83 and a 200 day moving average price of $40.29. Whirlpool has a 1 year low of $26.08 and a 1 year high of $94.82. The stock has a market cap of $1.83 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 24.99 and a beta of 1.21.

Whirlpool (NYSE:WHR) last posted its 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). The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Equities research analysts predict that Whirlpool will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new stake in Whirlpool in the 2nd quarter worth about $1,320,000. Angeles Wealth Management LLC increased its stake in Whirlpool by 196.9% during the 1st quarter. Angeles Wealth Management LLC now owns 38,697 shares of the company’s stock worth $2,087,000 after buying an additional 25,663 shares in the last quarter. Nykredit A S acquired a new position in shares of Whirlpool during the second quarter valued at approximately $51,953,000. Capstone Investment Advisors LLC acquired a new position in shares of Whirlpool during the second quarter valued at approximately $1,274,000. Finally, Deutsche Bank AG acquired a new position in shares of Whirlpool during the second quarter valued at approximately $1,283,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Company Profile

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.