Whirlpool (NYSE:WHR) Stock Price Target Cut by Wells Fargo & Company

Key Points

• Wells Fargo cut Whirlpool’s price target from $39 to $30 while maintaining an “equal weight” rating, implying roughly 5.9% upside from the stock’s $28.32 price.
• Analyst sentiment remains cautious: Whirlpool has an average “Reduce” rating and an average price target of $36.44, with eight analysts rating it a hold and four a sell.
• Whirlpool’s latest quarter missed expectations, reporting a loss of $0.21 per share versus the expected $0.06 loss, while revenue fell 6.8% year over year to $3.52 billion.

Whirlpool (NYSE:WHR - Get Free Report) had its price objective cut by analysts at Wells Fargo & Company from $39.00 to $30.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 5.92% from the company's current price.

WHR has been the topic of a number of other reports. Stifel Nicolaus lowered their price target on Whirlpool from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Thursday, July 23rd. Mizuho reduced their price objective on Whirlpool from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, July 21st. Bank of America decreased their price objective on Whirlpool from $38.00 to $31.00 and set an "underperform" rating on the stock in a report on Friday, September 11th. Wall Street Zen upgraded Whirlpool from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Citigroup lowered their target price on shares of Whirlpool from $48.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday. Eight equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $36.44.

Whirlpool Price Performance

NYSE WHR traded up $0.28 on Friday, hitting $28.32. The company had a trading volume of 981,922 shares, compared to its average volume of 2,664,866. The company has a market capitalization of $1.85 billion, a PE ratio of 9.71, a PEG ratio of 12.28 and a beta of 1.21. The company's fifty day moving average price is $35.63 and its 200-day moving average price is $41.31. 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 12-month low of $27.15 and a 12-month high of $94.82.

Whirlpool (NYSE:WHR - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the previous year, the business 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. As a group, analysts predict that Whirlpool will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Kelleher Financial Advisors purchased a new position in Whirlpool during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in shares of Whirlpool during the 2nd quarter worth approximately $29,000. SJS Investment Consulting Inc. acquired a new stake in shares of Whirlpool during the 1st quarter worth approximately $45,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Whirlpool during the 1st quarter valued at approximately $46,000. Finally, North Star Investment Management Corp. raised its position in shares of Whirlpool by 184.0% during the 1st quarter. North Star Investment Management Corp. now owns 926 shares of the company's stock valued at $50,000 after buying an additional 600 shares during the period. 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.

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