Mister Car Wash (NYSE:MCW) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Mister Car Wash (NYSE:MCW) in a research report sent to investors on Monday, MarketBeat.com reports. They currently have a $7.00 price target on the stock, down from their previous price target of $8.00.

Several other equities research analysts also recently commented on the company. UBS Group boosted their price objective on Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a report on Thursday. Stephens boosted their price target on shares of Mister Car Wash from $6.25 to $7.50 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Wells Fargo & Company lowered shares of Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 price objective on the stock. in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Mister Car Wash from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, The Goldman Sachs Group set a $5.25 target price on shares of Mister Car Wash in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mister Car Wash has a consensus rating of “Hold” and an average target price of $7.10.

Mister Car Wash Stock Down 0.6%

Shares of NYSE MCW opened at $6.99 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.29 billion, a PE ratio of 31.77, a P/E/G ratio of 1.65 and a beta of 1.46. The company’s fifty day simple moving average is $5.91 and its 200 day simple moving average is $5.55. Mister Car Wash has a 12-month low of $4.61 and a 12-month high of $8.60.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $261.24 million for the quarter, compared to analyst estimates of $262.35 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, sell-side analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP increased its position in shares of Mister Car Wash by 65.7% during the 3rd quarter. Quarry LP now owns 7,604 shares of the company’s stock valued at $41,000 after purchasing an additional 3,016 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Mister Car Wash by 75.5% during the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $42,000 after buying an additional 3,027 shares during the period. Russell Investments Group Ltd. increased its holdings in Mister Car Wash by 18,260.0% during the third quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock worth $44,000 after buying an additional 8,217 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Mister Car Wash by 1,104.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,217 shares of the company’s stock worth $46,000 after buying an additional 7,535 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Mister Car Wash in the fourth quarter worth about $56,000.

Mister Car Wash Company Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.