Mohawk Industries Shares Given New $44.00 Price Target

Mohawk Industries Shares Given New $44.00 Price Target by Goldman Sachs Analysts

Equities research analysts at Goldman Sachs raised their price target on shares of Mohawk Industries to $44.00 in a research issued note to investors on Monday.

Separately, analysts at RBC Capital raised their price target on shares of Mohawk Industries from $54.00 to $58.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Analysts at Barclays Capital initiated coverage on shares of Mohawk Industries in a research note to investors on Thursday, October 13rd. They set an “equal weight” rating and a $59.00 price target on the stock. Also, analysts at Credit Suisse cut their EPS estimates on shares of Mohawk Industries in a research note on Wednesday. They now have a “neutral” rating and a $47.00 price target on the stock.

Mohawk Industries, Inc., is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe. The Company is a carpet and rug manufacturer, and manufactures, markets and distributes of ceramic tile, natural stone and hardwood flooring in the United States, as well as a producer of laminate flooring in the United States and Europe. The Company operates in three segments: the Mohawk segment, the Dal-Tile segment and the Unilin segment.

Shares of Mohawk Industries traded down 2.48% during mid-day trading on Monday, hitting $51.97. Mohawk Industries has a 52 week low of $39.93 and a 52 week high of $68.86. The stock’s 50-day moving average is $44.96 and its 200-day moving average is $55.60. The company has a market cap of $3.573 billion and a price-to-earnings ratio of 20.26.

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