Whirlpool (NYSE:WHR) Upgraded at Zacks Research

Key Points

• Whirlpool has been upgraded by Zacks Research from a "strong sell" rating to a "hold" rating, reflecting a shift in investor sentiment.
• The company's stock currently holds a consensus rating of "Hold" with a price target of $98.83, according to MarketBeat data.
• Whirlpool reported $1.34 earnings per share for the last quarter, missing expectations and indicating a 5.4% year-over-year revenue decline.

Whirlpool (NYSE:WHR - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Bank of America restated an "underperform" rating and set a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Royal Bank Of Canada lowered their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Finally, Loop Capital reissued a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.83.

Whirlpool Price Performance

NYSE WHR traded up $0.36 on Tuesday, hitting $79.37. 98,859 shares of the company were exchanged, compared to its average volume of 1,314,099. The firm has a 50 day moving average of $87.96 and a two-hundred day moving average of $87.95. The company has a market cap of $4.44 billion, a P/E ratio of -29.95 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 has a 1-year low of $73.72 and a 1-year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last released 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 negative net margin of 0.95% and a positive return on equity of 20.81%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. The business'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. On average, equities analysts predict that Whirlpool will post 9.52 EPS for the current year.

Hedge Funds Weigh In On Whirlpool

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Whirlpool by 22.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,656 shares of the company's stock valued at $1,449,000 after acquiring an additional 2,326 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Whirlpool by 20,810.2% during the 1st quarter. GAMMA Investing LLC now owns 57,503 shares of the company's stock valued at $5,183,000 after purchasing an additional 57,228 shares during the last quarter. Rhumbline Advisers increased its position in shares of Whirlpool by 0.9% during the 1st quarter. Rhumbline Advisers now owns 149,114 shares of the company's stock valued at $13,440,000 after purchasing an additional 1,337 shares during the last quarter. Gilman Hill Asset Management LLC grew its stake in shares of Whirlpool by 5.5% during the 1st quarter. Gilman Hill Asset Management LLC now owns 81,321 shares of the company's stock worth $7,329,000 after acquiring an additional 4,264 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Whirlpool by 40.4% during the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after acquiring an additional 129 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

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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