Analysts Set $12.00 Target Price for Mohawk Group Holdings (NYSE:MWK)

Mohawk Group Holdings (NYSE:MWK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus target price of $12.00 for the company and are anticipating that the company will post ($0.33) EPS for the current quarter, according to Zacks. Zacks has also assigned Mohawk Group an industry rank of 51 out of 256 based on the ratings given to related companies.

A number of analysts have recently commented on MWK shares. Roth Capital started coverage on Mohawk Group in a report on Monday, July 8th. They issued a “buy” rating and a $9.00 price target on the stock. Alliance Global Partners started coverage on shares of Mohawk Group in a research report on Monday, July 8th. They set a “buy” rating and a $15.00 price objective for the company. Finally, National Securities started coverage on shares of Mohawk Industries in a research report on Thursday, July 11th. They set a “buy” rating for the company.

Shares of Mohawk Group stock traded up $0.22 during trading on Tuesday, reaching $7.50. The stock had a trading volume of 27,400 shares, compared to its average volume of 63,361. Mohawk Group has a 52 week low of $6.11 and a 52 week high of $10.74.

About Mohawk Group

Mohawk Group Holdings, Inc operates as a technology-enabled consumer products company in the United States. It offers home and kitchen appliances; kitchenware; environmental appliances, such as dehumidifiers and air conditioners; beauty related products; and consumer electronics under the hOme, Vremi, Xtava, and RIF6 brands.

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