Jefferies Keeps Their Hold Rating on Mohawk (MHK)

In a report released yesterday, Philip Ng from Jefferies maintained a Hold rating on Mohawk (MHKResearch Report), with a price target of $146.00. The company’s shares closed last Tuesday at $138.72, close to its 52-week low of $121.04.

According to TipRanks.com, Ng is a 5-star analyst with an average return of 11.9% and a 65.1% success rate. Ng covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, International Paper Co, and Berry Global Group.

Mohawk has an analyst consensus of Hold, with a price target consensus of $174.27.

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Mohawk’s market cap is currently $9.09B and has a P/E ratio of 9.36.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.

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). 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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