Deep Dive Into Middleby Stock: Analyst Perspectives (7 Ratings)
Middleby (NASDAQ:MIDD) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 1 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 1 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $177.71, a high estimate of $227.00, and a low estimate of $145.00. Marking an increase of 14.02%, the current average surpasses the previous average price target of $155.86.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Middleby. The following summary 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 |
|---|---|---|---|---|---|
| Adam Seiden | Barclays | Raises | Overweight | $180.00 | $160.00 |
| Tami Zakaria | JP Morgan | Raises | Underweight | $145.00 | $134.00 |
| Mig Dobre | Baird | Raises | Outperform | $227.00 | $157.00 |
| 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 |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Capture valuable insights into Middleby's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Middleby analyst ratings.
Delving into Middleby's Background
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.
Unraveling the Financial Story of Middleby
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Middleby's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -3.86%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Middleby's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 12.11%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Middleby's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.26%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Middleby's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.6%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Middleby's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.68, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.