JPMorgan Chase & Co. Issues Pessimistic Forecast for Whirlpool (NYSE:WHR) Stock Price

Whirlpool (NYSE:WHR - Get Free Report) had its target price dropped by research analysts at JPMorgan Chase & Co. from $109.00 to $89.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 15.85% from the company's previous close.

WHR has been the topic of a number of other research reports. The Goldman Sachs Group increased their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. StockNews.com downgraded Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Whirlpool presently has an average rating of "Hold" and a consensus target price of $101.00.

Whirlpool Stock Down 0.7 %

Whirlpool stock traded down $0.58 during trading hours on Monday, hitting $76.82. The stock had a trading volume of 318,626 shares, compared to its average volume of 1,047,926. The stock's 50-day moving average price is $89.83 and its 200-day moving average price is $104.81. The stock has a market capitalization of $4.25 billion, a P/E ratio of -13.09 and a beta of 1.31. Whirlpool has a 12-month low of $75.03 and a 12-month high of $135.49. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($0.06). Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business posted $1.78 EPS. Equities research analysts anticipate that Whirlpool will post 9.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Whirlpool

Several institutional investors and hedge funds have recently bought and sold shares of WHR. Vanguard Group Inc. grew its stake in shares of Whirlpool by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company's stock valued at $633,775,000 after acquiring an additional 33,326 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Whirlpool by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock worth $242,470,000 after purchasing an additional 98,444 shares in the last quarter. FMR LLC lifted its stake in shares of Whirlpool by 57.3% during the 4th quarter. FMR LLC now owns 1,808,744 shares of the company's stock valued at $207,065,000 after buying an additional 659,014 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company's stock worth $157,205,000 after buying an additional 224,990 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Whirlpool by 19.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after buying an additional 199,663 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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