Barclays Sticks to Its Buy Rating for Mohawk Industries (MHK)


Barclays analyst Matthew Bouley maintained a Buy rating on Mohawk Industries (MHK) yesterday and set a price target of $145. The company’s shares closed yesterday at $137.98.

According to TipRanks.com, Bouley is a 1-star analyst with an average return of -6.6% and a 46.2% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Advanced Drainage Systems, and Builders Firstsource.

The word on The Street in general, suggests a Hold analyst consensus rating for Mohawk Industries with a $129.17 average price target, a -6.4% downside from current levels. In a report released yesterday, SunTrust Robinson also maintained a Buy rating on the stock with a $150 price target.

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The company has a one-year high of $254.46 and a one-year low of $109.35. Currently, Mohawk Industries has an average volume of 1.08M.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MHK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mohawk Industries, Inc. engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW).

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