Whirlpool (NYSE:WHR) Reaches New 52-Week Low After Analyst Downgrade

Whirlpool Corporation (NYSE:WHR) reached a new 52-week low during trading on Monday after Stifel Nicolaus lowered their price target on the stock from $37.00 to $30.00. Stifel Nicolaus currently has a hold rating on the stock. Whirlpool traded as low as $26.00 and last traded at $26.4250, with a volume of 3,057,029 shares trading hands. The stock had previously closed at $28.11.

A number of other brokerages also recently commented on WHR. Wall Street Zen downgraded shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, August 5th. Zacks Research downgraded shares of Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. The Goldman Sachs Group decreased their price objective on Whirlpool from $48.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Finally, Citigroup reduced their target price on Whirlpool from $48.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $35.67.

Institutional Investors Weigh In On Whirlpool

A number of large investors have recently modified their holdings of WHR. Primecap Management Co. CA acquired a new position in shares of Whirlpool during the second quarter worth $141,801,000. RWWM Inc. lifted its holdings in Whirlpool by 191.6% during the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after buying an additional 1,591,849 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Whirlpool during the 2nd quarter worth about $61,003,000. Nykredit A S acquired a new position in shares of Whirlpool during the 2nd quarter worth about $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Whirlpool during the 2nd quarter worth about $24,601,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Down 6.4%

The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The firm has a market cap of $1.71 billion, a PE ratio of 9.01, a P/E/G ratio of 24.99 and a beta of 1.21. The business has a fifty day moving average price of $33.83 and a 200 day moving average price of $40.18.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.15). Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Analysts forecast that Whirlpool Corporation will post 1.13 EPS for the current year.

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.