Analysts Set Mister Car Wash, Inc. (NYSE:MCW) Target Price at $7.10

Shares of Mister Car Wash, Inc. (NYSE:MCW) have received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.1042.

A number of equities research analysts have weighed in on the company. Raymond James Financial downgraded Mister Car Wash from a “moderate buy” rating to a “hold” rating in a report on Friday, February 20th. William Blair cut Mister Car Wash from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Wells Fargo & Company downgraded Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 price objective for the company. in a research report on Wednesday, February 18th. Piper Sandler raised their price objective on Mister Car Wash from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Finally, UBS Group lifted their target price on Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th.

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Mister Car Wash by 75.5% in the 2nd 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 during the last quarter. Quarry LP boosted its position in Mister Car Wash by 65.7% in the third quarter. Quarry LP now owns 7,604 shares of the company’s stock valued at $41,000 after buying an additional 3,016 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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. Russell Investments Group Ltd. grew its stake in shares of 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. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Mister Car Wash by 140.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock worth $58,000 after buying an additional 5,659 shares in the last quarter.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $6.97 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.29 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. The company has a 50 day moving average of $6.33 and a 200-day moving average of $5.69. Mister Car Wash has a 1-year low of $4.61 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business had revenue of $261.24 million for the quarter, compared to analysts’ expectations of $262.35 million. During the same period last year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current fiscal year.

About Mister Car Wash

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.