Goldman Sachs Group Inc. began coverage on shares of Mohawk Industries (NYSE:MHK) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $173.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of Mohawk Industries from a neutral rating to an outperform rating in a research note to investors on Monday. Separately, analysts at Barclays raised their price target on shares of Mohawk Industries from $151.00 to $161.00 in a research note to investors on Monday, November 4th. They now have an overweight rating on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Mohawk Industries presently has an average rating of Buy and a consensus price target of $148.00.
Mohawk Industries (NYSE:MHK) traded down 0.43% on Monday, hitting $142.66. 40,458 shares of the company’s stock traded hands. Mohawk Industries has a 52-week low of $80.63 and a 52-week high of $145.34. The stock’s 50-day moving average is $136.8 and its 200-day moving average is $124.3. The company has a market cap of $10.361 billion and a price-to-earnings ratio of 31.92.
Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, October 31st. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.90 by $0.12. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company posted $1.04 earnings per share. Mohawk Industries’s revenue was up 33.1% compared to the same quarter last year. On average, analysts predict that Mohawk Industries will post $6.49 earnings per share for the current fiscal year.
Mohawk Industries, Inc (NYSE:MHK) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.
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