Middleby Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Middleby (NASDAQ:MIDD), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $153.8, down from $163.00, with individual targets ranging from $137.00 to $160.00. Analysts from Jefferies, Keybanc, Barclays, and JP Morgan have adjusted their ratings and price targets, reflecting their latest outlook on the company. Middleby operates in the foodservice and kitchen equipment industry and has shown a revenue decline of -1.23% over the last quarter, with a net margin of 11.08% and ROE of 3.57%. The company's debt-to-equity ratio is 0.84, indicating higher debt levels than industry norms.
January 11, 2024 | 9:00 pm
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NEGATIVE IMPACT
Middleby has received varied analyst ratings with a downward revision in the average price target to $153.8. The company's recent financial performance shows a revenue decline and below-average profitability metrics.
The mixed analyst ratings and the reduction in the average price target suggest a cautious or negative outlook on Middleby's stock in the short term. The reported revenue decline and below-average profitability metrics such as net margin, ROE, and ROA, along with a high debt-to-equity ratio, could contribute to potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100