Mohawk Industries, Inc. (NYSE:MHK) has been upgraded to Buy in a statement by Bank of America Corp. earlier today.
- Updated: October 15, 2016
Boasting a price of $191.99, Mohawk Industries, Inc. (NYSE:MHK) traded 0.80% higher on the day. With the last stock price close down -1.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Mohawk Industries, Inc. has recorded a 50-day average of $204.40 and a two hundred day average of $199.69. Volume of trade was up over the average, with 514,665 shares of MHK changing hands over the typical 498,472
Bank of America Corp. has upgraded Mohawk Industries, Inc. (NYSE:MHK) to Buy in a statement released on 10/12/2016.
With a total market value of $0, Mohawk Industries, Inc. has with a one year low of $148.56 and a 52 week high of $216.58 .
In addition to Bank of America Corp. reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $221.71 with six equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, two equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Mohawk Industries, Inc. (NYSE:MHK)
Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company's manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products. Its trademarks include American Olean, Bigelow, Lees, Quick-Step and Unilin.
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