Bank of America Cuts Whirlpool (NYSE:WHR) Price Target to $31.00

Key Points

• Bank of America cut Whirlpool’s price target from $38 to $31 and maintained an “underperform” rating, implying 13.27% downside from the stock’s $35.74 opening price.
• Analyst sentiment remains cautious: Whirlpool has a consensus “Reduce” rating from 12 analysts, with one Buy, eight Hold and three Sell ratings; the average price target is $45.44.
• Whirlpool’s latest quarter missed expectations, with an adjusted loss of $0.21 per share versus the anticipated $0.06 loss and revenue down 6.8% year over year to $3.52 billion.

Whirlpool (NYSE:WHR - Get Free Report) had its price objective reduced by investment analysts at Bank of America from $38.00 to $31.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an "underperform" rating on the stock. Bank of America's price objective would suggest a potential downside of 13.27% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 6th. Stifel Nicolaus decreased their target price on Whirlpool from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada lifted their target price on Whirlpool from $30.00 to $32.00 and gave the company an "underperform" rating in a research report on Wednesday, August 5th. Citigroup restated a "neutral" rating on shares of Whirlpool in a research report on Thursday, August 6th. Finally, Wells Fargo & Company set a $39.00 price objective on Whirlpool in a research note on Friday. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $45.44.

Whirlpool Price Performance

NYSE WHR opened at $35.74 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. Whirlpool has a 1-year low of $35.32 and a 1-year high of $94.82. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 16.37 and a beta of 1.18. The business's fifty day moving average price is $39.45 and its 200-day moving average price is $46.39.

Whirlpool (NYSE:WHR - Get Free Report) last released 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). The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. Whirlpool's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, equities analysts predict that Whirlpool will post 2.25 earnings per share for the current year.

Institutional Trading of Whirlpool

Several institutional investors have recently made changes to their positions in WHR. Primecap Management Co. CA bought a new position in Whirlpool in the 2nd quarter worth approximately $141,801,000. California State Teachers Retirement System lifted its holdings in shares of Whirlpool by 3,928.1% in the second quarter. California State Teachers Retirement System now owns 2,626,121 shares of the company's stock worth $103,522,000 after buying an additional 2,560,926 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Whirlpool by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,429,230 shares of the company's stock worth $175,245,000 after acquiring an additional 80,122 shares during the last quarter. RWWM Inc. grew its stake in Whirlpool by 191.6% during the first quarter. RWWM Inc. now owns 2,422,618 shares of the company's stock valued at $130,628,000 after acquiring an additional 1,591,849 shares in the last quarter. Finally, Newport Trust Company LLC grew its stake in Whirlpool by 10.2% during the fourth quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company's stock valued at $172,505,000 after acquiring an additional 221,564 shares in the last quarter. Hedge funds and other 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.

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