Mohawk Industries (NYSE:MHK) had its target price lowered by stock analysts at Robert W. Baird from $312.00 to $300.00 in a report released on Monday. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 19.39% from the stock’s current price.

Several other research analysts have also issued reports on MHK. Zacks Investment Research lowered Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and set a $275.00 target price on shares of Mohawk Industries in a research report on Friday, October 27th. Nomura set a $300.00 target price on Mohawk Industries and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $270.00 target price on shares of Mohawk Industries in a research report on Sunday, October 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $300.00 target price (up from $291.00) on shares of Mohawk Industries in a research report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $295.62.

Mohawk Industries (NYSE MHK) opened at $251.28 on Monday. The stock has a market capitalization of $18,680.00, a price-to-earnings ratio of 19.36, a P/E/G ratio of 2.04 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. Mohawk Industries has a 12-month low of $219.22 and a 12-month high of $286.85.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.32 by $0.10. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. Mohawk Industries’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $3.26 EPS. equities research analysts anticipate that Mohawk Industries will post 14.98 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of MHK. NuWave Investment Management LLC bought a new position in shares of Mohawk Industries in the 4th quarter worth about $117,000. Cerebellum GP LLC bought a new position in shares of Mohawk Industries in the 4th quarter worth about $124,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mohawk Industries in the 4th quarter worth about $124,000. Calton & Associates Inc. bought a new position in shares of Mohawk Industries in the 4th quarter worth about $171,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Mohawk Industries in the 4th quarter worth about $174,000. 76.51% of the stock is owned by hedge funds and other institutional investors.

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About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

Analyst Recommendations for Mohawk Industries (NYSE:MHK)

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