At the time of writing, Mohawk Industries, Inc. [MHK] stock is trading at $121.30, up 7.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MHK shares have gain 10.42% over the last week, with a monthly amount glided 2.73%, and 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 June 10, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $140 for it. Previously, Deutsche Bank upgraded its rating to Buy on February 12, 2024, and elevated its price target to $152. On January 12, 2024, upgrade upgraded it’s rating to Sector Perform and revised its price target to $101 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $100 on December 13, 2023. Wells Fargo initiated its recommendation with a Underweight and recommended $85 as its price target on October 17, 2023. Loop Capital upgraded its rating to Buy for this stock on April 11, 2023, but kept the price target unchanged to $115. In a note dated October 18, 2022, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $140 to $100.
For the past year, the stock price of Mohawk Industries, Inc. fluctuated between $76.02 and $131.19. Currently, Wall Street analysts expect the stock to reach $146.54 within the next 12 months. Mohawk Industries, Inc. [NYSE: MHK] shares were valued at $121.30 at the most recent close of the market. An investor can expect a potential return of 20.81% based on the average MHK price forecast.
Analyzing the MHK fundamentals
According to Mohawk Industries, Inc. [NYSE:MHK], the company’s sales were 11.01B for trailing twelve months, which represents an -4.52% plunge. 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 117.23 points at the first support level, and at 113.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.50, and for the 2nd resistance point, it is at 125.69.
Ratios To Look Out For
It is important to note that Mohawk Industries, Inc. [NYSE:MHK] has a current ratio of 1.83. Further, the Quick Ratio stands at 1.02, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 1.01.
Transactions by insiders
Recent insider trading involved HELEN SUZANNE L, Possible Member of Group, that happened on Jun 14 ’24 when 1800.0 shares were sold. VP BUSINESS STRATEGY, Patton Rodney David completed a deal on May 15 ’24 to sell 2267.0 shares. Meanwhile, VP BUSINESS STRATEGY Patton Rodney David sold 1551.0 shares on Mar 12 ’24.
