Breaking Finance News

Zacks Investment Research downgraded Mohawk Industries, Inc. (NYSE:MHK) to Hold in a report released today.

Yesterday Mohawk Industries, Inc. (NYSE:MHK) traded -0.41% lower at $203.18. The company’s 50-day moving average is $200.26 and its 200-day moving average is $200.64. The last stock close price is up 0.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time. 179,633 shares of the stock were exchanged, down from an average trading volume of 656,114

Zacks Investment Research has downgraded Mohawk Industries, Inc. (NYSE:MHK) to Hold in a report released on 1/11/2017.

Previously on 1/09/2017, Zacks Investment Research reported about Mohawk Industries, Inc. (NYSE:MHK) raised the target price from $0.00 to $229.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Mohawk Industries, Inc. (NYSE:MHK)

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 Zacks Investment Research reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $221.71 with 6 firms rating the stock a strong buy, 9 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.