Mister Car Wash, Inc. (NYSE:MCW) Given Average Rating of “Hold” by Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCW) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.1042.

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Mister Car Wash from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Stephens lifted their target price on Mister Car Wash from $6.25 to $7.50 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Guggenheim lowered shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 18th. BMO Capital Markets lowered shares of Mister Car Wash from an “outperform” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Thursday, February 19th. Finally, UBS Group lifted their price objective on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a report on Thursday, February 19th.

Mister Car Wash Price Performance

NYSE MCW opened at $6.99 on Wednesday. The business’s fifty day simple moving average is $5.94 and its 200-day simple moving average is $5.56. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.29 billion, a PE ratio of 31.77, a P/E/G ratio of 1.65 and a beta of 1.46. Mister Car Wash has a 52 week low of $4.61 and a 52 week high of $8.60.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $261.24 million during the quarter, compared to analysts’ expectations of $262.35 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, equities analysts anticipate that Mister Car Wash will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Mister Car Wash by 8.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,185 shares of the company’s stock worth $145,000 after purchasing an additional 1,821 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Mister Car Wash by 7.8% in the 2nd quarter. Vident Advisory LLC now owns 25,447 shares of the company’s stock valued at $153,000 after acquiring an additional 1,851 shares during the last quarter. CWM LLC increased its holdings in shares of Mister Car Wash by 8.8% in the 3rd quarter. CWM LLC now owns 29,719 shares of the company’s stock valued at $158,000 after acquiring an additional 2,396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Mister Car Wash by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock worth $444,000 after acquiring an additional 2,519 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Mister Car Wash by 3.9% during the fourth quarter. Franklin Resources Inc. now owns 70,557 shares of the company’s stock worth $392,000 after purchasing an additional 2,621 shares during the last quarter.

Mister Car Wash Company Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.