Weiss Ratings Reiterates "Sell (D)" Rating for Whirlpool (NYSE:WHR)

Key Points

• Weiss Ratings has reiterated its "Sell (D)" rating for Whirlpool (NYSE:WHR), indicating ongoing concerns regarding the company's stock performance.
• Bank of America has adjusted its price target for Whirlpool from $100.00 to $70.00, highlighting a negative sentiment among analysts towards the stock.
• Whirlpool's stock currently has an average rating of "Reduce" and a consensus target price of $89.71, with mixed ratings from analysts, including two "Buy" and three "Sell" ratings.

Whirlpool (NYSE:WHR - Get Free Report)'s stock had its "sell (d)" rating restated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other research analysts have also issued reports on WHR. Loop Capital reiterated a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Bank of America reaffirmed an "underperform" rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Stifel Nicolaus began coverage on Whirlpool in a research report on Wednesday, October 8th. They set a "hold" rating and a $80.00 price objective for the company. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, The Goldman Sachs Group cut their price target on Whirlpool from $107.00 to $93.00 and set a "buy" rating for the company in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $89.71.

Whirlpool Stock Up 0.3%

NYSE WHR traded up $0.26 during trading on Friday, hitting $74.55. 329,522 shares of the company traded hands, compared to its average volume of 1,303,735. Whirlpool has a 12 month low of $71.00 and a 12 month high of $135.49. The business has a fifty day simple moving average of $83.98 and a 200 day simple moving average of $86.12. The company has a market capitalization of $4.17 billion, a P/E ratio of -28.12 and a beta of 1.17. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the company posted $2.39 EPS. The business's revenue 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, sell-side analysts predict that Whirlpool will post 9.52 EPS for the current year.

Institutional Trading of Whirlpool

Institutional investors have recently bought and sold shares of the stock. Cheviot Value Management LLC acquired a new stake in shares of Whirlpool during the first quarter worth approximately $36,000. EverSource Wealth Advisors LLC grew its holdings in Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company's stock worth $37,000 after acquiring an additional 208 shares during the period. Ransom Advisory Ltd bought a new position in Whirlpool during the first quarter worth about $38,000. HHM Wealth Advisors LLC boosted its position in shares of Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock worth $50,000 after purchasing an additional 244 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Whirlpool in the second quarter valued at about $51,000. Institutional investors and hedge funds own 90.78% of the company's stock.

Whirlpool Company Profile

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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