Mohawk Industries Receives Average Rating of “Buy” from Analysts (NYSE:MHK)
Shares of Mohawk Industries (NYSE:MHK) have received an average recommendation of “Buy” from the ten analysts that are covering the company, Analyst Ratings Network reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $161.10.
A number of research firms have recently commented on MHK. Analysts at Barclays reiterated an “overweight” rating on shares of Mohawk Industries in a research note on Wednesday. They now have a $165.00 price target on the stock, down previously from $166.00. Separately, 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. Finally, 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.
Mohawk Industries (NYSE:MHK) traded up 0.65% during mid-day trading on Thursday, hitting $138.78. 58,162 shares of the company’s stock traded hands. 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 $135.1 and a 200-day moving average of $139.5. The company has a market cap of $10.107 billion and a P/E ratio of 26.56.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results 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.
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.