Mohawk Industries, Inc [MHK] stock is trading at $136.75, up 1.84%. 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 3.83% over the last week, with a monthly amount drifted -11.45%, 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 October 21, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $196 from $160. Previously, Wells Fargo upgraded its rating to Equal Weight on October 07, 2024, and elevated its price target to $160. On July 26, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $177 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $140 on June 10, 2024. Deutsche Bank upgraded its rating to a Buy and raised its price target to $152 on February 12, 2024. RBC Capital Mkts upgraded its rating to Sector Perform for this stock on January 12, 2024, and upped its price target to $101. In a note dated December 13, 2023, Barclays upgraded an Equal Weight rating on this stock and boosted its target price from $80 to $100.
Mohawk Industries, Inc [MHK] stock has fluctuated between $78.30 and $164.29 over the past year. Currently, Wall Street analysts expect the stock to reach $161.36 within the next 12 months. Mohawk Industries, Inc [NYSE: MHK] shares were valued at $136.75 at the most recent close of the market. An investor can expect a potential return of 18.0% based on the average MHK price forecast.
Analyzing the MHK fundamentals
Mohawk Industries, Inc [NYSE:MHK] reported sales of 10.81B for the trailing twelve months, which represents a drop of -1.71%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
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 134.49 points at the first support level, and at 132.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 138.50, and for the 2nd resistance point, it is at 140.24.
Ratios To Look Out For
For context, Mohawk Industries, Inc’s Current Ratio is 2.03. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.10 and price to earnings (TTM) ratio is 15.47.
Transactions by insiders
Recent insider trading involved HELEN SUZANNE L, Possible Member of Group, that happened on Sep 09 ’24 when 660.0 shares were sold. affiliate, HELEN SUZANNE L completed a deal on Sep 09 ’24 to buy 660.0 shares. Meanwhile, Possible Member of Group HELEN SUZANNE L sold 2300.0 shares on Aug 23 ’24.
