Mohawk Industries, Inc. (NYSE:MHK) Receives $140.00 Average PT from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHKGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $140.00.

A number of research firms recently commented on MHK. Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on Mohawk Industries from $156.00 to $139.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Royal Bank Of Canada decreased their target price on Mohawk Industries from $130.00 to $119.00 and set a “sector perform” rating for the company in a research report on Monday, May 5th. Barclays decreased their target price on Mohawk Industries from $115.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. Finally, Wells Fargo & Company decreased their target price on Mohawk Industries from $130.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th.

Get Our Latest Analysis on Mohawk Industries

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new position in Mohawk Industries in the 1st quarter worth about $312,000. Strs Ohio purchased a new stake in shares of Mohawk Industries in the 1st quarter valued at about $16,007,000. Acadian Asset Management LLC purchased a new stake in shares of Mohawk Industries in the 1st quarter valued at about $149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Mohawk Industries in the 1st quarter valued at about $17,880,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Down 4.5%

NYSE MHK opened at $98.40 on Friday. The firm has a market capitalization of $6.15 billion, a P/E ratio of 12.88, a PEG ratio of 3.98 and a beta of 1.19. The business has a fifty day simple moving average of $104.04 and a 200 day simple moving average of $114.30. Mohawk Industries has a 12 month low of $96.24 and a 12 month high of $164.29. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHKGet Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.11. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a return on equity of 7.68% and a net margin of 4.54%. Mohawk Industries’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. On average, analysts predict that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Mohawk Industries Company Profile

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Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.

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Analyst Recommendations for Mohawk Industries (NYSE:MHK)

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