.jpg "Mohawk Industries (NYSE: MHK)")
Credit Suisse analyst Susan Maklari maintained a Hold rating on Mohawk Industries (MHK) yesterday and set a price target of $125. The company’s shares closed yesterday at $123.25, close to its 52-week low of $113.45.
According to TipRanks.com, Maklari is ranked 0 out of 5 stars with an average return of -7.5% and a 42.9% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Green Brick Partners, and Whirlpool Corp.
Mohawk Industries has an analyst consensus of Hold, with a price target consensus of $148.31, implying a 20.3% upside from current levels. In a report issued on October 29, Northcoast Research also downgraded the stock to Hold.
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Based on Mohawk Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $226 million. In comparison, last year the company had a net profit of $270 million.
Based on the recent corporate insider activity of 64 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).
