Mohawk Industries (NYSE:MHK) Target Lowered by Loop Capital to $190.00

Mohawk Industries stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by Loop Capital on 10/12/2021. In a note to investors, the firm issued a new target price of $190.00. The analysts previously had $200.00 target price. Loop Capital’s price target would indicate a potential upside of 5.90% from the stock’s previous close.

Shares of traded on monday, reaching $181.07. 66488 shares of the stock traded hands, compared to its average volume of 462107. On monday, Shares of closed at $181.07. The firm’s 50 day moving average is $192.28 and its 200 day moving average is $186.73.  has a 12 month low of $90.98 and a 12 month high of $231.80. While on yearly highs and lows, today has traded high as $181.79 and has touched $179.47 on the downward trend.

Earnings and What to expect: 

Mohawk Industries last announced its earnings data on July 29th, 2021. The reported $4.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.74. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.77 billion. Mohawk Industries has generated $8.83 earnings per share over the last year ($14.54 diluted earnings per share) and currently has a price-to-earnings ratio of 12.3. Earnings for Mohawk Industries are expected to grow by 11.06% in the coming year, from $14.92 to $16.57 per share. Mohawk Industries has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. Mohawk Industries will be holding an earnings conference call on Friday, October 29th at 11:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “4259806”.

Earnings for Mohawk Industries are expected to grow by 11.06% in the coming year, from $14.92 to $16.57 per share. The P/E ratio of Mohawk Industries is 12.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.27. The P/E ratio of Mohawk Industries is 12.34, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.22. Mohawk Industries has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

(NYSE:MHK) Moving Average Technical Analysis

5 day Moving Average is $$179.36 And 5 day price change is $1.49 (0.84%)  with average volume for 5 day average is 469,700. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $182.13 and 20 day price change is -$12.91 (-6.71%) and average 20 day moving volume is 509,480. 50 day moving average is $192.28  and 50 day price change is -$15.49 ( -7.95%)  and with average volume for 50 days is : 435,898. 200 day moving average is $186.73  and 200 day price change is $42.26 (30.81%)  and with average volume for 200 days is : 502,328.

Other owners latest trading in Mohawk Industries :

  • On 10/7/2021 shares held by Berman Capital Advisors LLC were 228 which equates to market value of $40K and appx 0.00% owners of Mohawk Industries
  • On 10/7/2021 shares held by Investment Research & Advisory Group Inc. were 1,017 which equates to market value of $0.18M and appx 0.10% owners of Mohawk Industries
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 8,586 which equates to market value of $1.52M and appx 0.00% owners of Mohawk Industries
  • In total Institutional ownership equates to Institutional Ownership Percentage: 74.91% for Mohawk Industries

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