Weekly Research Analysts’ Ratings Changes for Mohawk Industries (MHK)

A number of firms have modified their ratings and price targets on shares of Mohawk Industries (NYSE: MHK) recently:

  • 2/12/2018 – Mohawk Industries had its price target lowered by analysts at Robert W. Baird from $312.00 to $300.00. They now have an “outperform” rating on the stock.
  • 2/12/2018 – Mohawk Industries was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating.
  • 2/7/2018 – Mohawk Industries was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/5/2018 – Mohawk Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $303.00 price target on the stock. According to Zacks, “Mohawk's shares have gained 26.8% in the past year. Also, earnings estimates  for 2018 have increased over the last 30 days reflecting an upside potential of the stock. Further, the company’s improved pricing will continue to benefit margins. It is to be noted that, Mohawk continues to enjoys a leading position in the home furnishings industry and has completed four strategic acquisitions this year that broadened its product portfolio. The company is looking to explore investment options for expansion and acquisitions to widen its geographic presence and product offerings. However, higher costs and currency headwinds continue to impede growth.”
  • 2/2/2018 – Mohawk Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mohawk's shares have gained 28.2% in the past year, almost on par with its industry gain. Also, earnings estimates  for 2018 have increased over the last 30 days reflecting an upside potential of the stock. Further, the company’s improved pricing will continue to benefit margins. It is to be noted that, Mohawk continues to enjoys a leading position in the home furnishings industry and has completed four strategic acquisitions this year that broadened its product portfolio. The company is looking to explore investment options for expansion and acquisitions to widen its geographic presence and product offerings. However, higher costs and currency headwinds continue to impede growth.”
  • 1/22/2018 – Mohawk Industries had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $310.00 price target on the stock, up previously from $303.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/19/2018 – Mohawk Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $312.00 price target on the stock. According to Zacks, “Mohawk's shares have gained 34.3% in the past year, almost on par with its industry gain. Also, earnings estimates  for 2018 have increased over the last 30 days reflecting an upside potential of the stock. Further, the company’s improved pricing will continue to benefit margins. It is to be noted that, Mohawk continues to enjoys a leading position in the home furnishings industry and has completed four strategic acquisitions this year that broadened its product portfolio. The company is looking to explore investment options for expansion and acquisitions to widen its geographic presence and product offerings. However, higher costs and currency headwinds continue to impede growth.”
  • 1/18/2018 – Mohawk Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mohawk's shares have gained 36.1% in the past year, almost on par with its industry gain. Also, earnings estimates  for 2018 have increased over the last 30 days reflecting an upside potential of the stock. Further, the company’s improved pricing will continue to benefit margins. It is to be noted that, Mohawk continues to enjoys a leading position in the home furnishings industry and has completed four strategic acquisitions this year that broadened its product portfolio. The company is looking to explore investment options for expansion and acquisitions to widen its geographic presence and product offerings. However, higher costs and currency headwinds continue to impede growth.”
  • 1/9/2018 – Mohawk Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Although Mohawk’s shares have slightly outperformed the industry so far this year,  earnings estimates  for the current quarter and year have increased over the last 60 days reflecting an upside potential of the stock. Further, the company’s improved pricing will continue to benefit margins. It is to be noted that, Mohawk continues to enjoys a leading position in the home furnishings industry and has completed four strategic acquisitions this year that broadened its product portfolio. The company is looking to explore investment options for expansion and acquisitions to widen its geographic presence and product offerings. However, higher costs and currency headwinds continue to impede growth.”
  • 1/8/2018 – Mohawk Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $310.00 price target on the stock. According to Zacks, “Although Mohawk’s shares have slightly outperformed the industry so far this year,  earnings estimates  for the current quarter and year have increased over the last 60 days reflecting an upside potential of the stock. Further, the company’s improved pricing will continue to benefit margins. It is to be noted that, Mohawk continues to enjoys a leading position in the home furnishings industry and has completed four strategic acquisitions this year that broadened its product portfolio. The company is looking to explore investment options for expansion and acquisitions to widen its geographic presence and product offerings. However, higher costs and currency headwinds continue to impede growth.”
  • 12/31/2017 – Mohawk Industries was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Mohawk Industries, Inc. (NYSE MHK) traded up $1.85 during midday trading on Monday, hitting $251.31. 315,504 shares of the company traded hands, compared to its average volume of 684,468. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80. Mohawk Industries, Inc. has a 12-month low of $219.22 and a 12-month high of $286.85. The firm has a market capitalization of $18,539.88, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.32 by $0.10. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $3.26 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. research analysts forecast that Mohawk Industries, Inc. will post 14.98 earnings per share for the current fiscal year.

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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