Mohawk Industries Inc. Hits New 52-Week High at $155.48 (MHK)
Shares of Mohawk Industries (NYSE:MHK) hit a new 52-week high on Thursday, American Banking & Market News reports. The company traded as high as $155.48 and last traded at $148.07, with a volume of 679,898 shares trading hands. The stock had previously closed at $148.48.
A number of research firms have recently commented on MHK. Analysts at Ned Davis Research downgraded shares of Mohawk Industries from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Mohawk Industries currently has a consensus rating of “Buy” and a consensus price target of $157.09.
Mohawk Industries has a 1-year low of $98.40 and a 1-year high of $150.26. The stock has a 50-day moving average of $144.8 and a 200-day moving average of $131.6. The company has a market cap of $10.737 billion and a price-to-earnings ratio of 33.08.
Mohawk Industries (NYSE:MHK) last released its 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. On average, analysts predict that Mohawk Industries will post $6.49 earnings per share 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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