Whirlpool (NYSE:WHR) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Whirlpool’s price target from $32 to $22 and maintained an “underperform” rating, implying 23.54% downside from the prior close.
• Analyst sentiment remains negative: Whirlpool has a consensus “Reduce” rating from 12 analysts, with an average price target of $44.33; recent reports included downgrades to “strong sell” and lower targets.
• Whirlpool’s latest quarter missed expectations, reporting a $0.21 loss per share versus a projected $0.06 loss, while revenue fell 6.8% year over year to $3.52 billion.

Whirlpool (NYSE:WHR - Get Free Report) had its target price lowered by equities research analysts at Royal Bank Of Canada from $32.00 to $22.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an "underperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential downside of 23.54% from the company's previous close.

Other analysts have also issued reports about the company. Wall Street Zen raised Whirlpool from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of Whirlpool from a "hold" rating to a "strong sell" rating in a research report on Monday. Wells Fargo & Company dropped their price target on shares of Whirlpool from $42.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, September 11th. Citigroup reiterated a "neutral" rating on shares of Whirlpool in a report on Thursday, August 6th. Finally, BNP Paribas Exane started coverage on Whirlpool in a report on Monday, July 13th. They issued a "neutral" rating and a $43.00 price objective for the company. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Whirlpool presently has a consensus rating of "Reduce" and an average price target of $44.33.

Whirlpool Price Performance

WHR stock traded down $1.38 during trading on Wednesday, reaching $28.77. 503,249 shares of the company were exchanged, compared to its average volume of 2,635,787. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 13.35 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71. The company has a 50-day moving average of $37.33 and a two-hundred day moving average of $42.54. Whirlpool has a twelve month low of $28.84 and a twelve month high of $94.82.

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). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business's quarterly revenue was down 6.8% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, equities analysts predict that Whirlpool will post 2.25 earnings per share for the current fiscal year.

Institutional Trading of Whirlpool

Several large investors have recently modified their holdings of the stock. Primecap Management Co. CA bought a new stake in shares of Whirlpool during the second quarter valued at approximately $141,801,000. RWWM Inc. raised its position in shares of Whirlpool by 191.6% during the first quarter. RWWM Inc. now owns 2,422,618 shares of the company's stock worth $130,628,000 after purchasing an additional 1,591,849 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Whirlpool in the 2nd quarter worth $61,003,000. Nykredit A S acquired a new stake in Whirlpool in the 2nd quarter valued at $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Whirlpool in the 2nd quarter valued at $24,601,000. 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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