Mister Car Wash (NYSE:MCW) Given New $8.00 Price Target at UBS Group

Mister Car Wash (NYSE:MCW) had its target price raised by UBS Group from $7.50 to $8.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 6.81% from the stock’s previous close.

Separately, The Goldman Sachs Group raised their price objective on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Mister Car Wash has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Mister Car Wash Trading Up 12.6 %

NYSE:MCW traded up $0.84 during trading hours on Thursday, hitting $7.49. The company had a trading volume of 3,780,807 shares, compared to its average volume of 1,642,166. The company has a market capitalization of $2.41 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. The stock has a 50-day moving average price of $6.46 and a 200 day moving average price of $6.83. Mister Car Wash has a 52 week low of $4.80 and a 52 week high of $9.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $255.04 million during the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. On average, equities research analysts predict that Mister Car Wash will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Mister Car Wash

A number of institutional investors have recently added to or reduced their stakes in MCW. nVerses Capital LLC acquired a new stake in shares of Mister Car Wash in the 2nd quarter worth approximately $31,000. Blue Trust Inc. lifted its holdings in shares of Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after acquiring an additional 7,617 shares during the period. Ariadne Wealth Management LP bought a new position in shares of Mister Car Wash in the second quarter valued at approximately $73,000. Pallas Capital Advisors LLC bought a new position in Mister Car Wash in the 2nd quarter worth approximately $84,000. Finally, CIBC Asset Management Inc acquired a new stake in Mister Car Wash during the 2nd quarter worth $91,000.

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.