Mohawk Industries Receives “Overweight” Rating from Barclays (MHK)
Mohawk Industries (NYSE:MHK)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Monday. They currently have a $163.00 price target on the stock, down from their previous price target of $164.00. Barclays’ target price suggests a potential upside of 28.93% from the stock’s previous close.
Mohawk Industries (NYSE:MHK) traded up 0.61% on Monday, hitting $127.20. The stock had a trading volume of 150,704 shares. Mohawk Industries has a 1-year low of $115.99 and a 1-year high of $155.48. The stock’s 50-day moving average is $132.7 and its 200-day moving average is $137.4. The company has a market cap of $9.264 billion and a P/E ratio of 20.70.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Mohawk Industries will post $8.15 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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