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Mohawk Industries, Inc.’s Stock Price Skyrockets to $117.24, Marking a Robust 6.57% Uptick

By February 13, 2024 No Comments

Mohawk Industries, Inc. (MHK)

117.24 USD +7.23 (+6.57%) Volume: 1.49M

Mohawk Industries, Inc.’s stock price soars to 117.24 USD, marking a significant uptick of +6.57% in this trading session, backed by a robust trading volume of 1.49M. With a year-to-date increase of +12.70%, MHK’s stock performance continues to showcase promising growth potential.

Latest developments on Mohawk Industries, Inc.

Recent activity surrounding Mohawk Industries (MHK) stock has been a whirlwind, with the stock gaining 10.63% in just a week, leading to debates on whether it’s time to sell. The company managed to navigate market pressures in Q4 according to an earnings call, resulting in its shares gapping up following an earnings beat. This positive performance prompted Deutsche Bank to raise Mohawk Industries‘ rating to ‘buy’ and set a new stock target of $152. However, the Swiss National Bank decided to cut its holdings in the company, and MHK was later downgraded by

Mohawk Industries, Inc. on Smartkarma

Mohawk Industries, a leading company in the construction market, has recently received positive analyst coverage on Smartkarma, an independent investment research network. With a stock price of $80 per share, Mohawk Industries is considered a medium+ quality business despite the current decline in the global construction market. According to analysts, the company’s strong market position and attractive valuation at 8 times EBIT make it a promising investment opportunity. In fact, analysts are predicting a potential earnings power of $10-14 net income per share in the medium term. The research reports by dsteiner84, Value1929, and Glory_Warriors on Smartkarma further highlight Mohawk Industries‘ growth potential and recommend readers to review their analyses for a better understanding of the company’s potential. Please note that this article is sourced from publicly available information and is for general informational purposes only.

A look at Mohawk Industries, Inc. Smart Scores


Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Mohawk Industries, Inc. is a company that makes different types of flooring for homes and businesses. They sell things like carpets, tiles, wood, and vinyl. They sell these products in the United States and in Europe. Mohawk has a good outlook for the future, with high scores in value, momentum, and resilience, and moderate scores in growth and dividends.

According to the Smartkarma Smart Scores, Mohawk Industries has a promising future ahead. Their high score in value means that the company is doing well financially and is seen as a good investment. Additionally, their high momentum score suggests that the company is gaining speed and is on the rise. Mohawk also has a good score in resilience, meaning they are able to withstand any challenges that may come their way. While their scores in growth and dividends are not as high, they are still moderate, indicating that the company is still showing signs of progress and paying dividends to its shareholders. Overall, Mohawk Industries seems to be in a stable position for long-term success.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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