Mohawk Industries Inc. (NYSE: MHK) stock suffered a major decline of -13.8% on 10/25/24. The shares closed at $130.88. Moreover, this decline was accompanied by exceptionally high trading volume at 485% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -17.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MHK is expected to continue to be an important Value Builder.
Mohawk Industries has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Mohawk Industries has a slightly positive Appreciation Score of 64 and a very high Power Rating of 98, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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