Several other equities analysts also recently issued reports on MIDD. Wellington Shields downgraded Middleby from a gradually accumulate rating to a hold rating in a research report on Thursday, November 7th. Zacks Investment Research upgraded Middleby from a sell rating to a hold rating and set a $126.00 price objective for the company in a research report on Wednesday, October 23rd. Finally, ValuEngine upgraded Middleby from a sell rating to a hold rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Middleby currently has an average rating of Hold and a consensus price target of $141.50.
Shares of MIDD opened at $110.63 on Thursday. The stock has a fifty day moving average price of $111.91 and a two-hundred day moving average price of $113.81. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 2.05. Middleby has a 52-week low of $105.77 and a 52-week high of $142.98. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 18.23 and a beta of 1.57.
Middleby Company Profile
The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers foodservice equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.
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