A share price of Mohawk Industries, Inc. [MHK] is currently trading at $150.32, up 1.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The MHK shares have gain 4.37% over the last week, with a monthly amount glided 17.38%, 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 July 26, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $177 from $120. Previously, Raymond James upgraded its rating to Strong Buy on June 10, 2024, and kept the price target unchanged to $140. On February 12, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $152 on the stock. RBC Capital Mkts upgraded its rating to a Sector Perform and increased its price target to $101 on January 12, 2024. Barclays upgraded its rating to a Equal Weight and raised its price target to $100 on December 13, 2023. Wells Fargo started tracking with a Underweight rating for this stock on October 17, 2023, and assigned it a price target of $85. In a note dated April 11, 2023, Loop Capital upgraded an Buy rating on this stock but restated the target price of $115.
Mohawk Industries, Inc. experienced fluctuations in its stock price throughout the past year between $76.02 and $164.05. Currently, Wall Street analysts expect the stock to reach $161.64 within the next 12 months. Mohawk Industries, Inc. [NYSE: MHK] shares were valued at $150.32 at the most recent close of the market. An investor can expect a potential return of 7.53% based on the average MHK price forecast.
Analyzing the MHK fundamentals
Trailing Twelve Months sales for Mohawk Industries, Inc. [NYSE:MHK] were 10.86B which represents -5.05% decline. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 148.39 points at the first support level, and at 146.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 151.42, and for the 2nd resistance point, it is at 152.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mohawk Industries, Inc. [NYSE:MHK] is 1.92. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 1.24.
Transactions by insiders
Recent insider trading involved HELEN SUZANNE L, Possible Member of Group, that happened on Aug 07 ’24 when 700.0 shares were sold. affiliate, HELEN SUZANNE L completed a deal on Aug 07 ’24 to buy 700.0 shares. Meanwhile, Affiliate LORBERBAUM JEFFREY S bought 4200.0 shares on Jul 30 ’24.
