Mohawk Industries Stock Rating Lowered by Ned Davis Research (MHK)
Mohawk Industries (NYSE:MHK) was downgraded by stock analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a report issued on Monday, Stock Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Mohawk Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Mohawk Industries has an average rating of “Buy” and an average target price of $151.30.
Mohawk Industries (NYSE:MHK) traded up 0.18% during mid-day trading on Monday, hitting $148.49. The stock had a trading volume of 127,078 shares. Mohawk Industries has a 52 week low of $93.43 and a 52 week high of $150.26. The stock has a 50-day moving average of $143.1 and a 200-day moving average of $129.6. The company has a market cap of $10.784 billion and a price-to-earnings ratio of 33.02.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data 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. Analysts expect that Mohawk Industries will post $6.49 EPS for the current fiscal year.
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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