Mohawk Industries Inc. Hits New 52-Week High at $150.26 (MHK)
Shares of Mohawk Industries (NYSE:MHK) hit a new 52-week high during trading on Friday, ARN reports. The stock traded as high as $150.26 and last traded at $149.83, with a volume of 362,871 shares trading hands. The stock had previously closed at $149.11.
A number of analysts have recently weighed in on MHK shares. Analysts at Zacks downgraded shares of Mohawk Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $152.70 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Mohawk Industries from $155.00 to $160.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Mohawk Industries in a research note to investors on Monday, December 9th. They set a “buy” rating and a $173.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $151.30.
Mohawk Industries has a 52-week low of $91.30 and a 52-week high of $149.66. The stock’s 50-day moving average is $142.1 and its 200-day moving average is $128.1. The company has a market cap of $10.854 billion and a price-to-earnings ratio of 33.22.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 31st. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.90 by $0.12. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis.
Mohawk Industries, Inc (NYSE:MHK) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.
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