Mohawk Industries’s “Overweight” Rating Reaffirmed at Barclays (MHK)
Mohawk Industries (NYSE:MHK)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays in a report issued on Wednesday. They currently have a $165.00 price target on the stock, down from their previous price target of $166.00. Barclays’ price target would indicate a potential upside of 19.66% from the stock’s previous close.
Mohawk Industries (NYSE:MHK) traded down 1.20% during mid-day trading on Wednesday, hitting $137.89. The stock had a trading volume of 447,060 shares. Mohawk Industries has a 52-week low of $108.89 and a 52-week high of $155.48. The stock has a 50-day moving average of $135. and a 200-day moving average of $139.5. The company has a market cap of $10.042 billion and a price-to-earnings ratio of 26.88.
Mohawk Industries (NYSE:MHK) last announced its earnings data on Thursday, May 1st. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.05. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.87 earnings per share. Mohawk Industries’s revenue was up 21.9% compared to the same quarter last year. Analysts expect that Mohawk Industries will post $8.21 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Mohawk Industries from a “market perform” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $150.00 price target on the stock. Analysts at Ned Davis Research upgraded shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Mohawk Industries currently has a consensus rating of “Buy” and a consensus price target of $161.10.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.