Mohawk Industries, Inc. [MHK] stock prices are up 2.58% to $118.43 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MHK shares have gain 7.71% over the last week, with a monthly amount drifted -9.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mohawk Industries, Inc. [NYSE: MHK] stock has seen the most recent analyst activity on February 12, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $152 from $98. Previously, RBC Capital Mkts upgraded its rating to Sector Perform on January 12, 2024, and elevated its price target to $101. On December 13, 2023, upgrade upgraded it’s rating to Equal Weight and revised its price target to $100 on the stock. Wells Fargo started tracking the stock assigning a Underweight rating and suggested a price target of $85 on October 17, 2023. Loop Capital upgraded its rating to a Buy but $115 remained the price target by the analyst firm on April 11, 2023. BofA Securities downgraded its rating to Underperform for this stock on October 18, 2022, and downed its price target to $100. In a note dated August 18, 2022, Deutsche Bank initiated an Hold rating and provided a target price of $122 on this stock.
The stock price of Mohawk Industries, Inc. [MHK] has been fluctuating between $76.02 and $131.19 over the past year. Currently, Wall Street analysts expect the stock to reach $151.92 within the next 12 months. Mohawk Industries, Inc. [NYSE: MHK] shares were valued at $118.43 at the most recent close of the market. An investor can expect a potential return of 28.28% based on the average MHK price forecast.
Analyzing the MHK fundamentals
The Mohawk Industries, Inc. [NYSE:MHK] reported sales of 11.01B for trailing twelve months, representing a drop of -4.52%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 116.18 points at the first support level, and at 113.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.15, and for the 2nd resistance point, it is at 121.87.
Mohawk Industries, Inc. [MHK] reported earnings per share of $1.86 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.68/share, meaning a difference of $0.18 and a surprise factor of 10.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.96 per share as compared to estimates of $1.86 per share, a difference of $0.1 representing a surprise of 5.40%.
Ratios To Look Out For
It’s worth pointing out that Mohawk Industries, Inc. [NYSE:MHK]’s Current Ratio is 1.83. As well, the Quick Ratio is 1.02, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 0.99.
Transactions by insiders
Recent insider trading involved Patton Rodney David, VP BUSINESS STRATEGY, that happened on Mar 12 ’24 when 1551.0 shares were sold. CFO – VP FINANCE, Brunk James completed a deal on Feb 28 ’24 to sell 4007.0 shares. Meanwhile, Possible Member of Group HELEN SUZANNE L sold 4500.0 shares on Dec 14 ’23.
