A share price of Middleby Corp [MIDD] is currently trading at $136.71, up 1.64%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MIDD shares have gain 1.75% over the last week, with a monthly amount drifted -5.23%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Middleby Corp [NASDAQ: MIDD] stock has seen the most recent analyst activity on December 12, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $160 from $170. On May 22, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $118 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $171 on November 17, 2022. The Benchmark Company initiated its recommendation with a Buy and recommended $190 as its price target on August 26, 2022. Barclays started tracking with a Overweight rating for this stock on June 10, 2021, and assigned it a price target of $195. In a note dated June 07, 2021, Citigroup upgraded an Buy rating on this stock but restated the target price of $200.
Middleby Corp experienced fluctuations in its stock price throughout the past year between $118.41 and $161.01. Currently, Wall Street analysts expect the stock to reach $160 within the next 12 months. Middleby Corp [NASDAQ: MIDD] shares were valued at $136.71 at the most recent close of the market. An investor can expect a potential return of 17.04% based on the average MIDD price forecast.
Analyzing the MIDD fundamentals
Trailing Twelve Months sales for Middleby Corp [NASDAQ:MIDD] were 3.87B which represents -3.86% decline. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 134.44 points at the first support level, and at 132.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.89, and for the 2nd resistance point, it is at 139.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Middleby Corp [NASDAQ:MIDD] is 2.81. As well, the Quick Ratio is 1.70, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 18.83.
Transactions by insiders
Recent insider trading involved McCarthy Cathy L, Director, that happened on Nov 07 ’24 when 500.0 shares were sold. Director, McCarthy Cathy L completed a deal on Nov 07 ’24 to buy 500.0 shares. Meanwhile, Director Palisi Chapin Sarah sold 250.0 shares on Nov 05 ’24.
