Mister Car Wash, Inc. (NYSE:MCW) Receives $7.10 Consensus Target Price from Analysts

Mister Car Wash, Inc. (NYSE:MCW) has been given an average rating of “Hold” by the fifteen analysts that are covering the firm, Marketbeat.com reports. One 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 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.1042.

A number of equities analysts recently issued reports on MCW shares. Stephens raised their price target on Mister Car Wash from $6.25 to $7.50 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Guggenheim lowered Mister Car Wash from a “buy” rating to a “neutral” rating in a report on Wednesday, February 18th. BMO Capital Markets lowered Mister Car Wash from an “outperform” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Thursday, February 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a report on Monday, February 23rd. Finally, Raymond James Financial lowered Mister Car Wash from a “moderate buy” rating to a “hold” rating in a report on Friday, February 20th.

Mister Car Wash Stock Performance

NYSE MCW opened at $7.04 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash has a 52-week low of $4.61 and a 52-week high of $7.98. The business’s 50-day moving average price is $7.01 and its 200 day moving average price is $6.11. The firm has a market cap of $2.32 billion, a P/E ratio of 32.00, a P/E/G ratio of 1.65 and a beta of 1.29.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The firm had revenue of $277.91 million for the quarter, compared to analyst estimates of $274.41 million. During the same quarter last year, the company posted $0.11 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Mister Car Wash will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Mister Car Wash

A number of hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its position in Mister Car Wash by 7.8% in the second quarter. Vident Advisory LLC now owns 25,447 shares of the company’s stock valued at $153,000 after purchasing an additional 1,851 shares during the period. CWM LLC lifted its position in Mister Car Wash by 8.8% in the third quarter. CWM LLC now owns 29,719 shares of the company’s stock valued at $158,000 after purchasing an additional 2,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Mister Car Wash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock valued at $444,000 after purchasing an additional 2,519 shares during the period. Franklin Resources Inc. lifted its position in Mister Car Wash by 3.9% in the fourth quarter. Franklin Resources Inc. now owns 70,557 shares of the company’s stock valued at $392,000 after purchasing an additional 2,621 shares during the period. Finally, Jane Street Group LLC lifted its position in Mister Car Wash by 7.6% in the second quarter. Jane Street Group LLC now owns 40,321 shares of the company’s stock valued at $242,000 after purchasing an additional 2,839 shares during the period.

About Mister Car Wash

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.