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What is Wall Street's Target Price for Mohawk Industries Inc (MHK) Stock Wednesday?

Wednesday, November 08, 2023 02:32 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Mohawk Industries Inc (MHK) Stock Wednesday?

InvestorsObserver is giving Mohawk Industries Inc (MHK) an Analyst Rating Rank of 5, meaning MHK is ranked higher by analysts than 5% of stocks. The average price target for MHK is $99.583 and analyst’s rate the stock as a Hold.

Overall Score - 2.9
Wall Street analysts are rating MHK a Hold today. Find out what this means to you and get the rest of the rankings on MHK!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Mohawk Industries Inc Stock Today?

Mohawk Industries Inc (MHK) stock is lower by -0.43% while the S&P 500 has gained 0.06% as of 2:16 PM on Wednesday, Nov 8. MHK is down -$0.36 from the previous closing price of $82.17 on volume of 254,473 shares. Over the past year the S&P 500 is up 14.45% while MHK is down -10.46%. MHK lost -$8.58 per share the over the last 12 months. Click Here to get the full Stock Report for Mohawk Industries Inc stock.

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