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

Shares of Mister Car Wash, Inc. (NYSE:MCW) have earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $7.25.

Several research analysts have weighed in on MCW shares. UBS Group dropped their price target on Mister Car Wash from $7.25 to $6.25 and set a “neutral” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Zacks Research upgraded shares of Mister Car Wash from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group set a $5.25 target price on shares of Mister Car Wash in a research note on Friday, October 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $9.00 price target on shares of Mister Car Wash in a research note on Thursday, October 30th.

Hedge Funds Weigh In On Mister Car Wash

Several institutional investors have recently added to or reduced their stakes in MCW. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 3,027 shares in the last quarter. Quarry LP increased its holdings in shares of Mister Car Wash by 65.7% in the 3rd quarter. Quarry LP now owns 7,604 shares of the company’s stock worth $41,000 after buying an additional 3,016 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Mister Car Wash by 1,104.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,217 shares of the company’s stock valued at $46,000 after buying an additional 7,535 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Mister Car Wash by 18,260.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock valued at $44,000 after buying an additional 8,217 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Mister Car Wash by 140.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after acquiring an additional 5,659 shares during the last quarter.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $6.01 on Wednesday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.65 and a beta of 1.46. 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 stock’s 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.51. Mister Car Wash has a 52 week low of $4.61 and a 52 week high of $8.60.

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.