Whirlpool (NYSE:WHR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Whirlpool (NYSE:WHR) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other research firms also recently weighed in on WHR. Citigroup reiterated a “neutral” rating on shares of Whirlpool in a research report on Thursday. Bank of America reduced their price target on Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research report on Monday, June 22nd. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. lowered their price objective on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Stifel Nicolaus cut their price objective on Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool currently has a consensus rating of “Reduce” and a consensus price target of $46.88.

Whirlpool Stock Up 0.4%

WHR opened at $43.18 on Thursday. The firm’s 50 day simple moving average is $39.29 and its two-hundred day simple moving average is $54.39. The company has a market capitalization of $2.82 billion, a PE ratio of 14.79, a PEG ratio of 19.11 and a beta of 1.16. Whirlpool has a 1-year low of $35.45 and a 1-year high of $96.57. The company has a current ratio of 1.15, a quick ratio of 0.48 and a debt-to-equity ratio of 1.74.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The company’s revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, equities analysts forecast that Whirlpool will post 2.25 EPS for the current year.

Hedge Funds Weigh In On Whirlpool

Several large investors have recently made changes to their positions in the business. Meeder Advisory Services Inc. bought a new position in shares of Whirlpool in the second quarter worth about $216,000. Deutsche Bank AG purchased a new stake in shares of Whirlpool during the second quarter worth about $1,283,000. Global Retirement Partners LLC bought a new stake in Whirlpool during the 2nd quarter valued at approximately $50,000. SCS Capital Management LLC bought a new stake in Whirlpool during the 2nd quarter valued at approximately $373,000. Finally, Bank of New York Mellon Corp purchased a new position in Whirlpool in the 2nd quarter worth approximately $15,006,000. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Company Profile

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.