On 7/26/24, Mohawk Industries Inc. (NYSE: MHK) stock enjoyed a major increase of 19.5%, closing at $160.71. Moreover, trading volume in this advance was exceptionally high at 440% of normal. The stock has risen 22.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mohawk Industries has a neutral Appreciation Score of 53 but a very high Power Rating of 88, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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