Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of “Buy” from Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCWGet Rating) have received a consensus rating of “Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.11.

Several research firms have recently commented on MCW. Morgan Stanley raised shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Tuesday, January 18th. Zacks Investment Research cut shares of Mister Car Wash from a “buy” rating to a “hold” rating in a research report on Wednesday, January 12th. William Blair began coverage on shares of Mister Car Wash in a research report on Wednesday, March 16th. They issued an “outperform” rating for the company. Stifel Nicolaus raised shares of Mister Car Wash from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, March 11th. Finally, BMO Capital Markets dropped their target price on shares of Mister Car Wash from $25.00 to $23.00 in a research report on Friday, March 25th.

Shares of MCW opened at $15.27 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.45 and a quick ratio of 0.40. The firm has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $16.91. Mister Car Wash has a twelve month low of $14.36 and a twelve month high of $24.49.

Mister Car Wash (NYSE:MCWGet Rating) last announced its quarterly earnings results on Thursday, March 24th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Mister Car Wash had a negative net margin of 2.91% and a negative return on equity of 6.86%. On average, equities research analysts predict that Mister Car Wash will post 0.41 EPS for the current year.

In related news, insider Casey Penn Lindsay sold 5,000 shares of Mister Car Wash stock in a transaction dated Monday, January 24th. The shares were sold at an average price of $16.56, for a total transaction of $82,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 12,082 shares of company stock valued at $201,867.

A number of large investors have recently added to or reduced their stakes in MCW. Metropolitan Life Insurance Co NY bought a new stake in Mister Car Wash during the 3rd quarter valued at about $40,000. National Bank of Canada FI bought a new stake in Mister Car Wash during the 4th quarter valued at about $51,000. Deutsche Bank AG bought a new stake in Mister Car Wash during the 3rd quarter valued at about $52,000. Royal Bank of Canada bought a new stake in Mister Car Wash during the 2nd quarter valued at about $68,000. Finally, UBS Group AG bought a new stake in Mister Car Wash during the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 96.68% of the company’s stock.

About Mister Car Wash (Get Rating)

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. As of December 31, 2021, it operated 396 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.

Further Reading

Analyst Recommendations for Mister Car Wash (NYSE:MCW)

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