In a report released today, Seldon Clarke from Deutsche Bank maintained a Hold rating on Mohawk Industries (MHK), with a price target of $85.00. The company’s shares closed last Monday at $82.01.
According to TipRanks.com, Clarke has currently no stars on a ranking scale of 0-5 stars, with an average return of -25.2% and a 23.8% success rate. Clarke covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Builders Firstsource, and Fortune Brands.
The word on The Street in general, suggests a Hold analyst consensus rating for Mohawk Industries with a $122.38 average price target.
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The company has a one-year high of $156.60 and a one-year low of $56.62. Currently, Mohawk Industries has an average volume of 865.1K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock.
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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). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications. The Flooring NA segment includes floor covering product lines, in a broad range of colors, textures, and patterns. The Flooring ROW segment consists of laminate, hardwood flooring, and vinyl flooring products, roofing elements, insulation boards, medium-density fiberboard, and chipboards. The company was founded on December 22, 1988 and is headquartered in Calhoun, GA.
