.jpg "Mohawk Industries (NYSE: MHK)")
In a report released today, Mike Wood from Nomura maintained a Buy rating on Mohawk Industries (MHK), with a price target of $85.00. The company’s shares closed last Monday at $70.48, close to its 52-week low of $56.62.
According to TipRanks.com, Wood is ranked 0 out of 5 stars with an average return of -11.9% and a 31.9% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Mueller Water Products, and Masonite International.
Mohawk Industries has an analyst consensus of Moderate Buy, with a price target consensus of $96.27, which is a 47.6% upside from current levels. In a report issued on March 25, Raymond James also reiterated a Buy rating on the stock with a $140.00 price target.
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Mohawk Industries’ market cap is currently $4.44B and has a P/E ratio of 6.00. The company has a Price to Book ratio of 0.96.
Based on the recent corporate insider activity of 37 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.
