Mohawk Group Holdings (NYSE:MWK) Given Consensus Rating of “Strong Buy” by Brokerages

Mohawk Group Holdings (NYSE:MWK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus target price of $12.00 for the company and are forecasting 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 45 out of 256 based on the ratings given to its competitors.

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

MWK stock opened at $7.28 on Tuesday. Mohawk Group has a twelve month low of $6.11 and a twelve month 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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