Mohawk Industries MHK underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 2 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 1 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $114.6, a high estimate of $152.00, and a low estimate of $100.00. This current average has increased by 22.44% from the previous average price target of $93.60.
Exploring Analyst Ratings: An In-Depth Overview
A comprehensive examination of how financial experts perceive Mohawk Industries is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joe Ahlersmeyer | Deutsche Bank | Raises | Buy | $152.00 | $98.00 |
| Deepa Raghavan | Wells Fargo | Lowers | Underweight | $100.00 | $105.00 |
| Michael Dahl | RBC Capital | Raises | Sector Perform | $101.00 | $80.00 |
| Susan Maklari | Goldman Sachs | Raises | Buy | $120.00 | $105.00 |
| Matthew Bouley | Barclays | Raises | Equal-Weight | $100.00 | $80.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Mohawk Industries. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Mohawk Industries compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Mohawk Industries's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Mohawk Industries's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Mohawk Industries analyst ratings.
Unveiling the Story Behind Mohawk Industries
Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
Mohawk Industries: A Financial Overview
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Mohawk Industries faced challenges, resulting in a decline of approximately -5.56% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Mohawk Industries's net margin is impressive, surpassing industry averages. With a net margin of 5.34%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Mohawk Industries's ROE stands out, surpassing industry averages. With an impressive ROE of 1.87%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Mohawk Industries's ROA excels beyond industry benchmarks, reaching 1.04%. This signifies efficient management of assets and strong financial health.
Debt Management: Mohawk Industries's debt-to-equity ratio is below the industry average at 0.41, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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