Wells Fargo & Company Issues Pessimistic Forecast for Whirlpool (NYSE:WHR) Stock Price

Whirlpool (NYSE:WHR) had its price objective dropped by equities research analysts at Wells Fargo & Company from $39.00 to $30.00 in a report released on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 5.92% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $32.00 to $22.00 and set an “underperform” rating on the stock in a report on Wednesday, October 7th. Stifel Nicolaus lowered their price objective on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Citigroup dropped their target price on shares of Whirlpool from $48.00 to $32.00 and set a “neutral” rating for the company in a report on Monday. Finally, The Goldman Sachs Group cut their target price on Whirlpool from $48.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Whirlpool currently has a consensus rating of “Reduce” and an average price target of $36.44.

Whirlpool Trading Up 1.0%

Shares of NYSE WHR traded up $0.28 during mid-day trading on Friday, reaching $28.32. 981,922 shares of the company’s stock were exchanged, compared to its average volume of 2,664,866. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 12.28 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. Whirlpool has a 52-week low of $27.15 and a 52-week high of $94.82. The company’s 50-day moving average is $35.63 and its 200-day moving average is $41.31.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (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 last year, the firm posted $1.34 earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Analysts expect that Whirlpool will post 2.25 EPS for the current fiscal year.

Institutional Trading of Whirlpool

Several hedge funds have recently made changes to their positions in WHR. NFSG Corp lifted its holdings in Whirlpool by 19.8% during the 3rd quarter. NFSG Corp now owns 5,920 shares of the company’s stock worth $182,000 after buying an additional 980 shares in the last quarter. TT Capital Management LLC purchased a new stake in shares of Whirlpool during the third quarter worth $334,000. Fortitude Family Office LLC purchased a new stake in shares of Whirlpool during the third quarter worth $29,000. GAMMA Investing LLC raised its stake in shares of Whirlpool by 14.9% in the third quarter. GAMMA Investing LLC now owns 3,061 shares of the company’s stock valued at $94,000 after acquiring an additional 398 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Whirlpool by 171.2% in the third quarter. Farther Finance Advisors LLC now owns 4,705 shares of the company’s stock valued at $144,000 after acquiring an additional 2,970 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

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.