Wells Fargo analyst Truman Patterson upgraded Mohawk Industries (MHK) to Hold today. The company’s shares closed last Monday at $113.03, close to its 52-week low of $108.93.
Patterson has an average return of 9.6% when recommending Mohawk Industries.
According to TipRanks.com, Patterson is ranked #3925 out of 5231 analysts.
Currently, the analyst consensus on Mohawk Industries is a Hold with an average price target of $132.13.
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Based on Mohawk Industries’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $202 million. In comparison, last year the company had a net profit of $197 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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).
