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

Mister Car Wash, Inc. (NYSE:MCW) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.33.

Several equities research analysts have commented on MCW shares. Zacks Investment Research lowered shares of Mister Car Wash from a “buy” rating to a “hold” rating in a research note on Wednesday, January 12th. Stifel Nicolaus started coverage on shares of Mister Car Wash in a research note on Thursday. They issued a “hold” rating and a $20.00 price objective for the company. FIG Partners upgraded shares of Mister Car Wash to a “reduce” rating in a research note on Tuesday, November 16th. Finally, Morgan Stanley upgraded shares of Mister Car Wash from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Tuesday, January 18th.

MCW opened at $16.77 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.39. Mister Car Wash has a fifty-two week low of $15.17 and a fifty-two week high of $24.49. The company’s 50-day moving average is $17.48 and its 200 day moving average is $18.43.

Mister Car Wash (NYSE:MCW) last posted its earnings results on Thursday, November 11th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. Mister Car Wash had a negative net margin of 2.46% and a negative return on equity of 6.16%. The company had revenue of $194.31 million for the quarter, compared to analyst estimates of $190.05 million. As a group, research analysts predict that Mister Car Wash will post -0.12 EPS for the current year.

In related news, insider Casey Penn Lindsay sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 23rd. The shares were sold at an average price of $18.51, for a total value of $185,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Lisa Bossard Funk sold 13,814 shares of the firm’s stock in a transaction on Tuesday, January 4th. The shares were sold at an average price of $18.97, for a total transaction of $262,051.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,896 shares of company stock valued at $566,491.

A number of large investors have recently made changes to their positions in MCW. Metropolitan Life Insurance Co NY bought a new position in Mister Car Wash in the 3rd quarter valued at $40,000. National Bank of Canada FI purchased a new stake in shares of Mister Car Wash during the 4th quarter valued at $51,000. Deutsche Bank AG purchased a new stake in shares of Mister Car Wash during the 3rd quarter valued at $52,000. Royal Bank of Canada purchased a new stake in shares of Mister Car Wash during the 2nd quarter valued at $68,000. Finally, UBS Group AG purchased a new stake in shares of Mister Car Wash during the 3rd quarter valued at $75,000. 95.34% of the stock is owned by hedge funds and other institutional investors.

Mister Car Wash Company Profile

Mister Car Wash, Inc provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company also provides related automotive services, including quick lube services and gasoline sales. As of March 31, 2021, it operated 344 car wash locations in 21 states, which include 263 express exterior locations and 81 interior cleaning locations.

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