Mohawk Industries, Inc. Common (NYSE:MHK).
On September 23 analysts at Bank of America started covering MHK setting a rating of “Neutral”. Equity analyst Topeka Capital began coverage of MHK with a rating of “Hold” and projecting a price target of $185.00.
MKM Partners released its first research report on the stock by announcing an initial rating of “Buy”. April 7 investment analysts at Barclays left the stock rating at “Overweight” and moved up the price target from $200.00 to $215.00.
JP Morgan downgraded the stock and raised the price target on March 15 changing the price objective from $205.00 to $215.00 and changing the rating from “Overweight” to “Neutral”.
The company is trading down by -0.67% since yesterday’s close of $202.87. The stock is trading at $201.52 just below the 50 day moving average which is $209.01 and a tad above the 200 day moving average of $198.92. The 50 day moving average was down by -3.58% whereas the 200 day moving average was up $2.60 or +1.31%.
As of the latest earnings report the EPS was $49.90 and is projected to be $12.46 for the current year with 74,153,000 shares now outstanding. Next quarter’s EPS is expected be $3.15 with next year’s EPS projected to be $13.41.