Across the recent three months, 5 analysts have shared their insights on Middleby (NASDAQ:MIDD), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 1 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $169.4, along with a high estimate of $192.00 and a low estimate of $155.00. This current average reflects an increase of 5.35% from the previous average price target of $160.80.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Middleby among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Tarantino | Keybanc | Raises | Overweight | $185.00 | $160.00 |
| Brian McNamara | Canaccord Genuity | Raises | Buy | $192.00 | $155.00 |
| Brian McNamara | Canaccord Genuity | Maintains | Buy | $155.00 | $155.00 |
| Saree Boroditsky | Jefferies | Lowers | Hold | $160.00 | $170.00 |
| Brian McNamara | Canaccord Genuity | Lowers | Buy | $155.00 | $164.00 |
Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Middleby. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Middleby compared to the broader market. Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Middleby's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Middleby's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Middleby analyst ratings.
Get to Know Middleby Better
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
Financial Milestones: Middleby's Journey
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Middleby's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -3.86%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Middleby's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 12.11%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.26%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Middleby's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.6%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Middleby's debt-to-equity ratio stands notably higher than the industry average, reaching 0.68. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Latest Ratings for MIDD
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | JP Morgan | Maintains | Neutral | |
| Jan 2022 | Keybanc | Maintains | Overweight | |
| Jan 2022 | Barclays | Maintains | Overweight |
View More Analyst Ratings for MIDD
View the Latest Analyst Ratings
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
