Mohawk Industries Given Consensus Rating of “Buy” by Brokerages (NYSE:MHK)
Mohawk Industries (NYSE:MHK) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company, Analyst RN reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $162.34.
Mohawk Industries (NYSE:MHK) traded down 1.67% during mid-day trading on Monday, hitting $145.14. 116,282 shares of the company’s stock traded hands. Mohawk Industries has a 52-week low of $100.96 and a 52-week high of $155.48. The stock’s 50-day moving average is $145.5 and its 200-day moving average is $133.8. The company has a market cap of $10.541 billion and a P/E ratio of 32.88.
MHK has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Mohawk Industries from $161.00 to $171.00 in a research note to investors on Monday, January 27th. They now have an “overweight” rating on the stock. Separately, analysts at ISI Group initiated coverage on shares of Mohawk Industries in a research note to investors on Monday, January 27th. They set a “strong-buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, January 27th. They now have a $170.00 price target on the stock, up previously from $150.00.
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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