Media stories about Middleby (NASDAQ:MIDD) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Middleby earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.8476407902562 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
A number of brokerages recently issued reports on MIDD. BidaskClub raised shares of Middleby from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. Susquehanna Bancshares set a $149.00 price target on shares of Middleby and gave the company a “buy” rating in a research report on Thursday, March 1st. Wellington Shields cut shares of Middleby from an “accumulate” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Middleby from a “sell” rating to a “hold” rating and set a $154.00 target price for the company in a report on Monday, January 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $160.00 target price (up from $145.00) on shares of Middleby in a report on Wednesday, March 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Middleby presently has a consensus rating of “Hold” and an average target price of $138.25.
Middleby stock traded down $1.24 during trading hours on Friday, hitting $123.57. The stock had a trading volume of 432,393 shares, compared to its average volume of 570,201. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.07 and a current ratio of 1.97. The stock has a market capitalization of $6,881.31, a PE ratio of 20.06 and a beta of 1.80. Middleby has a 12-month low of $107.53 and a 12-month high of $142.00.
Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $632.86 million during the quarter, compared to analysts’ expectations of $646.83 million. Middleby had a net margin of 12.77% and a return on equity of 22.98%. equities research analysts forecast that Middleby will post 6.49 EPS for the current fiscal year.
In other news, Director Nassem Ziyad bought 1,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was acquired at an average cost of $111.00 per share, with a total value of $111,000.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $222,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.
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Middleby Company Profile
The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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