Whirlpool’s (WHR) Underperform Rating Reiterated at Bank of America

Whirlpool (NYSE:WHR)‘s stock had its “underperform” rating reiterated by equities researchers at Bank of America in a report issued on Tuesday, MarketBeat reports. They currently have a $70.00 price target on the stock, down from their prior price target of $100.00. Bank of America‘s price target points to a potential downside of 16.56% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. dropped their price objective on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. Finally, Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating on the stock in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.00.

Whirlpool Stock Performance

Shares of NYSE WHR opened at $83.89 on Tuesday. The company has a market cap of $4.67 billion, a PE ratio of -31.66 and a beta of 1.25. Whirlpool has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.40. The company has a 50-day simple moving average of $93.08 and a 200-day simple moving average of $94.49.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business posted $2.39 earnings per share. Whirlpool’s revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that Whirlpool will post 9.52 earnings per share for the current year.

Hedge Funds Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Greatmark Investment Partners Inc. grew its position in Whirlpool by 21.6% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 76,930 shares of the company’s stock valued at $7,802,000 after buying an additional 13,655 shares in the last quarter. Steel Grove Capital Advisors LLC boosted its position in shares of Whirlpool by 28.1% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 19,416 shares of the company’s stock valued at $1,969,000 after purchasing an additional 4,259 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Whirlpool by 80.6% during the 2nd quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock valued at $52,000 after purchasing an additional 228 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Whirlpool by 30.1% during the 2nd quarter. Stephens Inc. AR now owns 8,143 shares of the company’s stock valued at $826,000 after purchasing an additional 1,885 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Whirlpool by 7.3% during the 2nd quarter. International Assets Investment Management LLC now owns 19,101 shares of the company’s stock valued at $1,937,000 after purchasing an additional 1,295 shares in the last quarter. Institutional investors 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.