Mister Car Wash, Inc. (NYSE:MCW) Given Average Rating of “Hold” by Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.81.

A number of analysts recently weighed in on the company. Stephens initiated coverage on Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective for the company. Wells Fargo & Company decreased their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. UBS Group lifted their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley reduced their target price on Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. The trade was a 47.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 70.00% of the stock is owned by corporate insiders.

Institutional Trading of Mister Car Wash

Several large investors have recently made changes to their positions in the company. Swiss National Bank increased its stake in Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after purchasing an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Mister Car Wash by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock valued at $343,000 after buying an additional 4,000 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after buying an additional 5,032 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after acquiring an additional 5,702 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Mister Car Wash by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after acquiring an additional 10,377 shares during the last quarter.

Mister Car Wash Trading Down 0.9 %

Shares of NYSE MCW opened at $7.62 on Friday. The firm has a 50 day moving average price of $7.45 and a two-hundred day moving average price of $7.12. The stock has a market cap of $2.46 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.63. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $9.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.