The Middleby Co. (NASDAQ:MIDD – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $155.43.
A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $164.00 price objective on shares of Middleby in a research report on Friday, August 30th. KeyCorp decreased their price objective on Middleby from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Robert W. Baird upped their target price on Middleby from $155.00 to $169.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Middleby from $118.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Finally, Raymond James started coverage on shares of Middleby in a research note on Friday, June 28th. They set a “market perform” rating for the company.
Check Out Our Latest Research Report on MIDD
Institutional Trading of Middleby
Middleby Price Performance
Shares of NASDAQ:MIDD opened at $129.41 on Thursday. Middleby has a one year low of $109.59 and a one year high of $161.01. The stock has a market cap of $6.96 billion, a PE ratio of 18.02 and a beta of 1.58. The business’s fifty day moving average price is $133.73 and its two-hundred day moving average price is $137.81. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 2.50.
Middleby (NASDAQ:MIDD – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.08. The firm had revenue of $991.55 million during the quarter, compared to analysts’ expectations of $994.05 million. Middleby had a return on equity of 15.25% and a net margin of 9.90%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.47 EPS. On average, analysts forecast that Middleby will post 9.66 EPS for the current fiscal year.
Middleby Company Profile
The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.
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