Mizuho Initiates Coverage on Whirlpool (NYSE:WHR)

Mizuho assumed coverage on shares of Whirlpool (NYSE:WHR) in a note issued to investors on Monday, Marketbeat reports. The brokerage set a “neutral” rating and a $55.00 price target on the stock. Mizuho’s target price suggests a potential downside of 3.31% from the stock’s current price.

WHR has been the subject of several other research reports. Stifel Nicolaus decreased their price objective on shares of Whirlpool from $75.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, March 2nd. BNP Paribas Exane raised shares of Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, February 12th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. Finally, Zacks Research downgraded shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Whirlpool currently has an average rating of “Reduce” and a consensus price target of $76.13.

Whirlpool Stock Down 0.6%

Shares of NYSE WHR opened at $56.88 on Monday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.76 and a quick ratio of 0.40. The company has a market cap of $3.22 billion, a P/E ratio of 10.07, a PEG ratio of 2.81 and a beta of 1.30. Whirlpool has a 1 year low of $50.41 and a 1 year high of $111.96. The firm has a 50-day simple moving average of $62.97 and a two-hundred day simple moving average of $71.85.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.44). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.27 billion. Whirlpool had a return on equity of 12.98% and a net margin of 2.04%.The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.57 EPS. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. Research analysts anticipate that Whirlpool will post 5.43 earnings per share for the current year.

Hedge Funds Weigh In On Whirlpool

Institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in Whirlpool during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its holdings in Whirlpool by 129.2% during the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after buying an additional 208 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Whirlpool by 172.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after buying an additional 246 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Whirlpool during the fourth quarter valued at approximately $35,000. Finally, SBI Securities Co. Ltd. increased its holdings in Whirlpool by 113.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock valued at $38,000 after buying an additional 280 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

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.