Mohawk Industries MHK underwent analysis by 12 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 0 | 6 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 5 | 0 | 5 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Mohawk Industries, presenting an average target of $158.33, a high estimate of $185.00, and a low estimate of $118.00. This current average has increased by 23.94% from the previous average price target of $127.75.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Mohawk Industries. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Deepa Raghavan | Wells Fargo | Raises | Equal-Weight | $160.00 | $140.00 |
| Michael Rehaut | JP Morgan | Raises | Neutral | $155.00 | $124.00 |
| Laura Champine | Loop Capital | Raises | Buy | $185.00 | $145.00 |
| Matthew Bouley | Barclays | Raises | Equal-Weight | $161.00 | $118.00 |
| Susan Maklari | Goldman Sachs | Raises | Buy | $185.00 | $141.00 |
| Michael Dahl | RBC Capital | Raises | Sector Perform | $140.00 | $108.00 |
| Sam Reid | Wells Fargo | Raises | Underweight | $140.00 | $110.00 |
| Keith Hughes | Truist Securities | Raises | Buy | $184.00 | $135.00 |
| Timothy Wojs | Baird | Raises | Neutral | $160.00 | $132.00 |
| Rafe Jadrosich | B of A Securities | Raises | Buy | $177.00 | $120.00 |
| Matthew Bouley | Barclays | Lowers | Equal-Weight | $118.00 | $120.00 |
| Keith Hughes | Truist Securities | Lowers | Buy | $135.00 | $140.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Mohawk Industries. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Mohawk Industries compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Mohawk Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
To gain a panoramic view of Mohawk Industries's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Mohawk Industries analyst ratings.
Discovering Mohawk Industries: A Closer Look
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 North America, and Flooring Rest of the World. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
A Deep Dive into Mohawk Industries's Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Negative Revenue Trend: Examining Mohawk Industries's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -5.06% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Mohawk Industries's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.62% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Mohawk Industries's ROE excels beyond industry benchmarks, reaching 2.06%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.17%, the company showcases effective utilization of assets.
Debt Management: Mohawk Industries's debt-to-equity ratio is below the industry average at 0.37, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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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