Credit Suisse Reaffirms Their Hold Rating on Mohawk Industries (MHK)

Credit Suisse analyst Susan Maklari maintained a Hold rating on Mohawk Industries (MHKResearch Report) yesterday and set a price target of $125. The company’s shares closed yesterday at $125.67, close to its 52-week low of $109.35.

According to TipRanks.com, Maklari ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.1% and a 44.6% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Stanley Black & Decker Inc, and Green Brick Partners.

Currently, the analyst consensus on Mohawk Industries is a Moderate Buy with an average price target of $137.09.

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Based on Mohawk Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $226 million. In comparison, last year the company had a net profit of $240 million.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 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).

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