J.P. Morgan Sticks to Its Buy Rating for Mohawk (MHK)

In a report released today, Michael Rehaut from J.P. Morgan maintained a Buy rating on Mohawk, with a price target of $152.00.

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Rehaut covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, LGI Homes, and DR Horton. According to TipRanks, Rehaut has an average return of 6.1% and a 54.82% success rate on recommended stocks.

Mohawk has an analyst consensus of Moderate Buy, with a price target consensus of $131.88.

Based on Mohawk’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $2.76 billion and a net profit of $108.9 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $162 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MHK in relation to earlier this year. Last month, Suzanne Helen, an Insider at MHK sold 2,150.00 shares for a total of $239,255.50.