A statement released today by Barclays about Mohawk (NYSE:MHK) bumps the target price to $272.00
- Updated: March 20, 2017
Reporting a potential upside of 0.18%, Barclays bumped up the target of Mohawk (NYSE:MHK) to $272.00
Showing a price of $230.20, Mohawk (NYSE:MHK) traded 0.76% higher on the day. The last stock price is up 12.45% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same period. MHK has recorded a 50-day average of $223.74 and a two hundred day average of $206.27. Volume of trade was down over the average, with 320,596 shares of MHK changing hands under the typical 529,603
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Mohawk has a 52 week low of $175.52 and a 52 week high of $233.70 MHK’s total market value is presently $0.
A total of 14 equity analysts have released a ratings update on the company. 6 firms rating the stock a strong buy, 9 firms rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $221.71.
More About Mohawk (NYSE:MHK)
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. The Global Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products used in the residential and commercial markets for both remodeling and new construction. The Flooring NA segment designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl. The Flooring ROW segment designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard (MDF), chipboards, and vinyl flooring products.
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