Whirlpool (NYSE:WHR) Given New $42.00 Price Target at Citigroup

Whirlpool (NYSE:WHR) had its price target trimmed by Citigroup from $50.00 to $42.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Whirlpool from $32.00 to $30.00 and set an “underperform” rating on the stock in a report on Tuesday, June 16th. Mizuho initiated coverage on shares of Whirlpool in a report on Monday, April 20th. They set a “neutral” rating and a $55.00 price objective for the company. Weiss Ratings downgraded shares of Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. Finally, Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Whirlpool has a consensus rating of “Reduce” and an average target price of $54.89.

Whirlpool Trading Down 0.6%

NYSE:WHR opened at $38.60 on Tuesday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 22.46 and a beta of 1.16. Whirlpool has a one year low of $36.01 and a one year high of $106.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.48 and a current ratio of 0.88. The business’s 50-day simple moving average is $40.77 and its 200 day simple moving average is $59.17.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.99). The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.Whirlpool’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. As a group, sell-side analysts predict that Whirlpool will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors have recently modified their holdings of WHR. RWWM Inc. grew its holdings in shares of Whirlpool by 191.6% in the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after acquiring an additional 1,591,849 shares during the last quarter. Norges Bank acquired a new position in Whirlpool in the 4th quarter worth approximately $31,959,000. Freestone Grove Partners LP acquired a new position in Whirlpool in the 4th quarter worth approximately $22,729,000. Orion Porfolio Solutions LLC grew its position in Whirlpool by 2,795.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock worth $23,789,000 after purchasing an additional 226,462 shares in the last quarter. Finally, Newport Trust Company LLC grew its position in Whirlpool by 10.2% during the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after purchasing an additional 221,564 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.