Analyst Expectations For Mohawk Industries's Future
7 analysts have shared their evaluations of Mohawk Industries (NYSE:MHK) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Mohawk Industries, revealing an average target of $146.0, a high estimate of $180.00, and a low estimate of $130.00. A decline of 4.31% from the prior average price target is evident in the current average.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Mohawk Industries among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Sam Reid | Wells Fargo | Lowers | Equal-Weight | $130.00 | $135.00 |
| Matthew Bouley | Barclays | Lowers | Equal-Weight | $130.00 | $141.00 |
| Susan Maklari | Goldman Sachs | Lowers | Buy | $145.00 | $170.00 |
| Michael Rehaut | JP Morgan | Raises | Overweight | $161.00 | $151.00 |
| Sam Reid | Wells Fargo | Lowers | Equal-Weight | $135.00 | $140.00 |
| Matthew Bouley | Barclays | Lowers | Equal-Weight | $141.00 | $146.00 |
| Laura Champine | Loop Capital | Lowers | Buy | $180.00 | $185.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Mohawk Industries. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Mohawk Industries compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Mohawk Industries's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Mohawk Industries's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Mohawk Industries analyst ratings.
About Mohawk Industries
Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring North America, and Flooring Rest of the World. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
Financial Milestones: Mohawk Industries's Journey
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Mohawk Industries faced challenges, resulting in a decline of approximately -1.7% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Mohawk Industries's net margin excels beyond industry benchmarks, reaching 5.96%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Mohawk Industries's ROE excels beyond industry benchmarks, reaching 2.09%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Mohawk Industries's ROA excels beyond industry benchmarks, reaching 1.22%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.33, Mohawk Industries adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.