Mohawk Industries Given Consensus Recommendation of “Buy” by Brokerages (NYSE:MHK)
Shares of Mohawk Industries (NYSE:MHK) have earned an average recommendation of “Buy” from the nine brokerages that are covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $162.17.
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 Monday, August 4th. They now have a $163.00 price target on the stock, down previously from $164.00.
In other Mohawk Industries news, Insider Brian Carson sold 2,012 shares of Mohawk Industries stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $135.00, for a total transaction of $271,620.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Mohawk Industries (NYSE:MHK) opened at 139.39 on Thursday. Mohawk Industries has a one year low of $115.99 and a one year high of $155.48. The stock has a 50-day moving average of $132.6 and a 200-day moving average of $136.5. The company has a market cap of $10.153 billion and a price-to-earnings ratio of 22.90.
Mohawk Industries (NYSE:MHK) last released its 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 $8.17 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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