UBS Group Issues Positive Forecast for Mister Car Wash (NYSE:MCW) Stock Price

Mister Car Wash (NYSE:MCW - Get Free Report) had its price objective boosted by analysts at UBS Group from $8.00 to $8.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 17.16% from the company's previous close.

MCW has been the subject of a number of other research reports. Morgan Stanley reduced their price target on Mister Car Wash from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Stephens began coverage on Mister Car Wash in a research report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price target for the company. Finally, Wells Fargo & Company reduced their price target 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 given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.57.

Mister Car Wash Stock Down 3.0 %

Shares of NYSE:MCW traded down $0.23 on Thursday, reaching $7.26. The company had a trading volume of 1,874,335 shares, compared to its average volume of 1,174,826. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $8.59. The stock has a 50-day moving average price of $7.45 and a 200 day moving average price of $7.14. The stock has a market capitalization of $2.34 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.68 and a beta of 1.63. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling

In related news, insider Joseph Duane Matheny sold 6,410 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the transaction, the insider now owns 81,206 shares of the company's stock, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 70.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Mister Car Wash

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company's stock valued at $60,000 after acquiring an additional 7,617 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Mister Car Wash in the 4th quarter valued at approximately $77,000. Quarry LP acquired a new position in Mister Car Wash in the 4th quarter valued at approximately $79,000. Forum Financial Management LP acquired a new position in Mister Car Wash in the 4th quarter valued at approximately $81,000. Finally, BNP Paribas Financial Markets acquired a new position in Mister Car Wash in the 4th quarter valued at approximately $96,000.

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.