Morgan Stanley Boosts Mister Car Wash (NYSE:MCW) Price Target to $9.00

Mister Car Wash (NYSE:MCW - Free Report) had its price objective boosted by Morgan Stanley from $8.00 to $9.00 in a research report report published on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

MCW has been the subject of several other reports. UBS Group lifted their target price on Mister Car Wash from $8.00 to $8.50 and gave the stock a "neutral" rating in a research report on Thursday. Stephens initiated coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Mister Car Wash has a consensus rating of "Hold" and a consensus price target of $8.57.

Mister Car Wash Trading Down 3.0 %

Shares of NYSE:MCW traded down $0.23 on Thursday, hitting $7.26. 1,874,335 shares of the company's stock were exchanged, compared to its average volume of 1,174,826. Mister Car Wash has a 12 month low of $5.84 and a 12 month high of $8.59. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.68 and a beta of 1.63. The business's 50 day simple moving average is $7.45 and its two-hundred day simple moving average is $7.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $653,708.30. The trade was a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 70.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mister Car Wash

A number of large investors have recently added to or reduced their stakes in the company. Forum Financial Management LP bought a new position in Mister Car Wash in the fourth quarter worth about $81,000. Neo Ivy Capital Management bought a new position in Mister Car Wash in the fourth quarter worth about $381,000. PharVision Advisers LLC bought a new position in Mister Car Wash in the fourth quarter worth about $330,000. Sherbrooke Park Advisers LLC bought a new position in Mister Car Wash in the fourth quarter worth about $145,000. Finally, ProShare Advisors LLC raised its holdings in Mister Car Wash by 46.0% in the fourth quarter. ProShare Advisors LLC now owns 28,548 shares of the company's stock worth $208,000 after purchasing an additional 8,991 shares in the last quarter.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.