Mohawk Industries (MHK) Receives a Sell from RBC Capital


RBC Capital analyst Michael Dahl maintained a Sell rating on Mohawk Industries (MHK) on March 16 and set a price target of $95.00. The company’s shares closed last Monday at $85.87, close to its 52-week low of $81.33.

According to TipRanks.com, Dahl has 0 stars on 0-5 star ranking scale with an average return of -7.8% and a 43.0% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Skyline Champion, Taylor Morrison, and Toll Brothers.

Currently, the analyst consensus on Mohawk Industries is a Hold with an average price target of $130.38, implying a 50.3% upside from current levels. In a report issued on March 12, Merrill Lynch also maintained a Sell rating on the stock with a $110.00 price target.

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Based on Mohawk Industries’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $265 million. In comparison, last year the company had a net profit of $226 million.

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).

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