Mohawk Industries Inc. (NYSE:MHK) target price raised to $235.00, reported today by Bank of America (Merrill Lynch)
- Updated: September 23, 2016
Mohawk Industries Inc. (NYSE:MHK) had its target price raised to $235.00 by Bank of America (Merrill Lynch) in a report released Friday September 23, 2016. The new target price indicates a possible upside of 0.14% based on the company's last stock close price.
Previously on 8/08/2016, MKM Partners reported about Mohawk Industries Inc. (NYSE:MHK) raised the target price from $244.00 to $246.00. At the time, this indicated a possible upside of 0.15%.
Yesterday Mohawk Industries Inc. (NYSE:MHK) traded -0.67% lower at $205.46. The company’s 50-day moving average is $209.99 and its 200-day moving average is $198.16. The last stock close price is up 3.60% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 133,706 shares of the stock were exchanged, down from an average trading volume of 474,770
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Mohawk Industries Inc. has a 52 week low of $148.56 and a 52 week high of $216.58 The company’s market cap is currently $0.
In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 14 equity analysts have issued a report on the stock. The consensus target price is $221.71 with six brokers rating the stock a strong buy, nine analysts rating the company a buy, two brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally 0 firms rating the company a sell.
General Company Details For 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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