Sunday, 3 March 2024

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Goldman Sachs Sticks to Their Buy Rating for Mohawk (MHK) – TipRanks Financial Blog

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In a report released today, Susan Maklari from Goldman Sachs maintained a Buy rating on Mohawk (MHKResearch Report). The company’s shares closed today at $110.01.

According to TipRanks, Maklari is a 4-star analyst with an average return of 4.5% and a 54.37% success rate. Maklari covers the Consumer Cyclical sector, focusing on stocks such as Installed Building Products, PulteGroup, and DR Horton.

The word on The Street in general, suggests a Hold analyst consensus rating for Mohawk with a $104.56 average price target.

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The company has a one-year high of $123.54 and a one-year low of $76.02. Currently, Mohawk has an average volume of 871.6K.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MHK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mohawk (MHK) Company Description:

Mohawk Industries, Inc. engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications. The Flooring NA segment includes floor covering product lines, in a broad range of colors, textures, and patterns. The Flooring ROW segment consists of laminate, hardwood flooring, and vinyl flooring products, roofing elements, insulation boards, medium-density fiberboard, and chipboards. The company was founded on December 22, 1988 and is headquartered in Calhoun, GA.

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