Mister Car Wash (NYSE:MCW) Rating Lowered to Hold at Mizuho

Mister Car Wash (NYSE:MCW) was downgraded by analysts at Mizuho from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Guggenheim downgraded shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a research note on Wednesday. Raymond James Financial cut Mister Car Wash from an “outperform” rating to a “market perform” rating in a report on Friday. Zacks Research upgraded Mister Car Wash from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. JPMorgan Chase & Co. decreased their price target on Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, UBS Group boosted their price target on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.19.

Mister Car Wash Stock Up 0.4%

Shares of NYSE:MCW traded up $0.03 during trading on Wednesday, hitting $7.00. The stock had a trading volume of 3,012,140 shares, compared to its average volume of 2,547,282. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash has a 12 month low of $4.61 and a 12 month high of $8.60. The company has a market capitalization of $2.29 billion, a PE ratio of 31.80, a PEG ratio of 1.65 and a beta of 1.46. The firm’s fifty day moving average is $5.85 and its 200 day moving average is $5.53.

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

Hedge Funds Weigh In On Mister Car Wash

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its position in shares of 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 purchasing an additional 3,016 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $42,000 after buying an additional 3,027 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Mister Car Wash by 18,260.0% in the third quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock worth $44,000 after acquiring an additional 8,217 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 valued at $46,000 after acquiring an additional 7,535 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Mister Car Wash during the 4th 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.