Mohawk Industries, Inc. (MHK) Given Consensus Rating of “Buy” by Brokerages
Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given an average rating of “Buy” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $282.64.
Several research analysts recently weighed in on MHK shares. Barclays lifted their price objective on shares of Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Northcoast Research started coverage on shares of Mohawk Industries in a research note on Thursday, October 5th. They set a “buy” rating and a $295.00 price objective on the stock. Finally, Nomura set a $300.00 price objective on shares of Mohawk Industries and gave the stock a “buy” rating in a research note on Friday, October 27th.
In other Mohawk Industries news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the sale, the chairman now directly owns 21,396 shares in the company, valued at approximately $5,454,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.00% of the company’s stock.
Mohawk Industries (NYSE:MHK) opened at $284.82 on Monday. Mohawk Industries has a one year low of $189.44 and a one year high of $286.29. The firm has a market cap of $21,167.82, a P/E ratio of 21.18, a P/E/G ratio of 2.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.48.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.01. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm earned $3.50 EPS. Mohawk Industries’s quarterly revenue was up 6.7% compared to the same quarter last year. analysts forecast that Mohawk Industries will post 13.52 earnings per share for the current fiscal year.
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Mohawk Industries Company Profile
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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