The Goldman Sachs Group Lowers Whirlpool (NYSE:WHR) Price Target to $93.00

Key Points

• Goldman Sachs has lowered its price target for Whirlpool (NYSE: WHR) from $107.00 to $93.00, maintaining a "buy" rating, which suggests a potential upside of 28.31% from the current price.
• Several analysts have provided mixed ratings: while Stifel Nicolaus set a "hold" at $80.00, others like Royal Bank of Canada and Bank of America issued lower target prices of $63.00 and $70.00, respectively.
• Whirlpool's recent earnings report showed an EPS of $1.34, missing estimates by $0.20, with a 5.4% decline in revenue year-over-year, indicating financial challenges ahead.

Whirlpool (NYSE:WHR - Get Free Report) had its target price cut by equities researchers at The Goldman Sachs Group from $107.00 to $93.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 28.31% from the company's current price.

Several other research firms also recently commented on WHR. Stifel Nicolaus started coverage on shares of Whirlpool in a research report on Wednesday. They set a "hold" rating and a $80.00 target price on the stock. Royal Bank Of Canada cut their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Bank of America reaffirmed an "underperform" rating and set a $70.00 target price (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research report on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Whirlpool has an average rating of "Reduce" and a consensus target price of $89.71.

Whirlpool Price Performance

Shares of Whirlpool stock traded up $0.95 during trading on Monday, reaching $72.48. 503,058 shares of the company's stock were exchanged, compared to its average volume of 1,310,211. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. Whirlpool has a 1-year low of $71.33 and a 1-year high of $135.49. The company has a market cap of $4.05 billion, a P/E ratio of -27.31 and a beta of 1.17. The firm's 50-day moving average price is $86.12 and its 200 day moving average price is $87.03.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the company earned $2.39 EPS. Whirlpool's revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, research analysts anticipate that Whirlpool will post 9.52 earnings per share for the current year.

Institutional Investors Weigh In On Whirlpool

Several hedge funds have recently bought and sold shares of WHR. Charles Schwab Investment Management Inc. raised its position in shares of Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock valued at $201,529,000 after buying an additional 117,964 shares in the last quarter. Abel Hall LLC purchased a new position in shares of Whirlpool in the 2nd quarter worth about $1,205,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Whirlpool by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock valued at $4,022,000 after purchasing an additional 5,202 shares during the last quarter. First City Capital Management Inc. purchased a new position in shares of Whirlpool during the 2nd quarter valued at about $409,000. Finally, CCM Investment Group LLC bought a new stake in Whirlpool in the 1st quarter worth approximately $628,000. 90.78% of the stock is currently owned by 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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