Mohawk Industries Rating Lowered to Neutral at Zacks (MHK)
Mohawk Industries (NYSE: MHK) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $116.30 price target on the stock.
A number of other firms have also recently commented on MHK. Analysts at RBC Capital raised their price target on shares of Mohawk Industries from $111.00 to $122.00 in a research note to investors on Monday, February 25th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie upgraded shares of Mohawk Industries from an “underperform” rating to an “outperform” rating in a research note to investors on Thursday, January 17th. They now have a $105.00 price target on the stock, up previously from $95.00.
Six analysts have rated the stock with a buy rating, and five have given a hold rating to the stock. The company presently has an average rating of “overweight” and a consensus price target of $114.71.
Mohawk Industries traded up 0.06% on Wednesday, hitting $112.56. Mohawk Industries has a 52-week low of $60.21 and a 52-week high of $113.73. The stock’s 50-day moving average is currently $105.2. The company has a market cap of $7.803 billion and a price-to-earnings ratio of 31.16.
Mohawk Industries last announced its earnings results on Thursday, February 21st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Mohawk Industries will post $5.32 earnings per share for the current fiscal year.
Mohawk Industries, Inc., (Mohawk) 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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