UBS Group Forecasts Strong Price Appreciation for Mister Car Wash (NYSE:MCW) Stock

Mister Car Wash (NYSE:MCW) had its price target upped by UBS Group from $8.00 to $8.50 in a research report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Stephens assumed coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective on the stock. Morgan Stanley decreased their price target on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.57.

Mister Car Wash Price Performance

Shares of NYSE MCW opened at $7.48 on Thursday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 25.33, 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. The stock’s 50-day simple moving average is $7.45 and its two-hundred day simple moving average is $7.14. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $9.05.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. This represents a 47.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 70.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Mister Car Wash by 884.7% during 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 during the period. Quantinno Capital Management LP bought a new stake in Mister Car Wash in the fourth quarter valued at approximately $77,000. Quarry LP bought a new stake in Mister Car Wash in the fourth quarter valued at approximately $79,000. Forum Financial Management LP purchased a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $81,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash in the fourth quarter worth 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.