Midera Food Processing (NASDAQ:MFP) Stock Has Consensus Price Target of $45.00

Midera Food Processing (NASDAQ:MFP) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $45.00.

MFP has been the subject of several research reports. William Blair initiated coverage on shares of Midera Food Processing in a research note on Tuesday, October 20th. They issued an “outperform” rating for the company. Robert W. Baird started coverage on Midera Food Processing in a research report on Wednesday, July 8th. They set a “neutral” rating and a $40.00 price objective on the stock. Oppenheimer assumed coverage on Midera Food Processing in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price objective on the stock. Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a report on Saturday, August 1st. Finally, KeyCorp assumed coverage on Midera Food Processing in a report on Tuesday, August 25th. They issued a “sector weight” rating for the company.

Insider Activity

In related news, Director Robert Nerbonne acquired 10,900 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $45.05 per share, with a total value of $491,045.00. Following the completion of the transaction, the director owned 32,371 shares in the company, valued at $1,458,313.55. This represents a 50.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Midera Food Processing

A number of large investors have recently made changes to their positions in MFP. Sterling Capital Management LLC acquired a new stake in Midera Food Processing in the third quarter valued at approximately $53,000. Yousif Capital Management LLC purchased a new position in Midera Food Processing in the third quarter worth approximately $463,000. Cooke & Bieler LP acquired a new position in Midera Food Processing during the 3rd quarter worth approximately $19,643,000. Kirr Marbach & Co. LLC IN acquired a new position in Midera Food Processing during the 3rd quarter worth approximately $10,743,000. Finally, State of Alaska Department of Revenue acquired a new position in Midera Food Processing during the 3rd quarter worth approximately $285,000.

Midera Food Processing Stock Up 3.7%

Shares of MFP opened at $43.37 on Tuesday. Midera Food Processing has a fifty-two week low of $33.00 and a fifty-two week high of $52.58. The business’s 50 day simple moving average is $43.43. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

About Midera Food Processing

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.