Whirlpool (NYSE:WHR – Get Free Report) had its target price decreased by investment analysts at Royal Bank Of Canada from $32.00 to $22.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 23.54% from the stock’s current price.
A number of other research firms have also commented on WHR. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Zacks Research lowered shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Stifel Nicolaus cut their price target on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $44.33.
View Our Latest Analysis on WHR
Whirlpool Stock Down 4.6%
Whirlpool (NYSE:WHR – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, analysts expect that Whirlpool will post 2.25 EPS for the current year.
Hedge Funds Weigh In On Whirlpool
Several institutional investors have recently added to or reduced their stakes in WHR. Sequoia Financial Advisors LLC bought a new position in shares of Whirlpool during the 2nd quarter valued at approximately $342,000. IPG Investment Advisors LLC raised its holdings in shares of Whirlpool by 46.1% in the 2nd quarter. IPG Investment Advisors LLC now owns 98,935 shares of the company’s stock worth $3,900,000 after purchasing an additional 31,200 shares during the period. WINTON GROUP Ltd purchased a new position in Whirlpool in the second quarter valued at approximately $583,000. Engineers Gate Manager LP purchased a new position in Whirlpool in the second quarter valued at approximately $1,320,000. Finally, Integrated Wealth Concepts LLC bought a new position in Whirlpool during the second quarter valued at $270,000. Institutional investors own 90.78% of the company’s stock.
Whirlpool Company Profile
Whirlpool Corporation is a global manufacturer and marketer of home appliances, serving consumers through a portfolio of well-known brands that includes Whirlpool, Maytag, KitchenAid, Amana and JennAir. Its products are sold through retailers, distributors and other channels to residential customers in multiple markets.
The company’s primary product categories include refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers. Through KitchenAid and other brands, Whirlpool also offers small domestic appliances and related products designed for food preparation and household use.
Whirlpool traces its history to 1911, when the Upton Machine Company began producing electric washing machines.
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