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Mohawk Industries Inc (MHK) Stock: Do Analysts Think You Should Buy?

Friday, September 22, 2023 02:57 PM | InvestorsObserver Analysts

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Mohawk Industries Inc (MHK) Stock: Do Analysts Think You Should Buy?

Analysts who follow Mohawk Industries Inc (MHK) on average expect it to increase 34.39% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Mohawk Industries Inc an Analyst Ranking of 14, which means it ranks higher than 14 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.1
Wall Street analysts are rating MHK a Buy today. Find out what this means to you and get the rest of the rankings on MHK!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Mohawk Industries Inc Stock Today?

Mohawk Industries Inc (MHK) stock is trading at $86.24 as of 2:54 PM on Friday, Sep 22, a decline of -$3.04, or -3.41% from the previous closing price of $89.28. The stock has traded between $86.00 and $89.86 so far today. Volume today is 515,809 compared to average volume of 564,368. Click Here to get the full Stock Report for Mohawk Industries Inc stock.

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