The Middleby Co. (NASDAQ:MIDD – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $156.50.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Middleby from $118.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Canaccord Genuity Group restated a “buy” rating and set a $164.00 price objective on shares of Middleby in a report on Friday, September 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a $164.00 target price on shares of Middleby in a research report on Saturday, September 14th. 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 report on Friday, August 2nd. Finally, Raymond James began coverage on Middleby in a research report on Friday, June 28th. They issued a “market perform” rating on the stock.
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Middleby Stock Performance
Shares of Middleby stock opened at $134.48 on Monday. The company has a market capitalization of $7.23 billion, a PE ratio of 18.73 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 2.50. The company has a 50-day simple moving average of $137.69 and a two-hundred day simple moving average of $136.23. Middleby has a one year low of $109.59 and a one year high of $161.01.
Middleby (NASDAQ:MIDD – Get Free Report) last announced its earnings results 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. Middleby had a net margin of 9.90% and a return on equity of 15.25%. The business had revenue of $991.55 million during the quarter, compared to the consensus estimate of $994.05 million. During the same period in the previous year, the company posted $2.47 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Research analysts expect that Middleby will post 9.63 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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