Middleby (MIDD) Getting Somewhat Positive Media Coverage, Analysis Finds
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 0.24 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.2728693000655 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:
- Middleby (MIDD) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Middleby Corp (MIDD) Expected to Post Quarterly Sales of $650.59 Million (americanbankingnews.com)
- Coalbrookdale foundry closure: Just one ‘Man of Iron’ takes up work offer (shropshirestar.com)
- Middleby acquires cooling and freezing equipment manufacturer (bakingbusiness.com)
- Middleby Business Opportunities Solid, Competition a Drag – Nasdaq (nasdaq.com)
Shares of Middleby (MIDD) traded up $1.43 during trading on Friday, reaching $130.79. 682,881 shares of the company’s stock traded hands, compared to its average volume of 772,986. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.02. The stock has a market capitalization of $7,310.00, a PE ratio of 24.13 and a beta of 1.88. Middleby has a twelve month low of $107.53 and a twelve month high of $150.87.
A number of research analysts recently issued reports on the stock. Deutsche Bank lowered their price target on shares of Middleby from $120.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, November 17th. BMO Capital Markets reissued a “buy” rating and set a $150.00 price target on shares of Middleby in a research report on Wednesday, November 8th. BidaskClub raised shares of Middleby from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Middleby from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $130.00 target price on shares of Middleby in a report on Thursday, September 7th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $137.22.
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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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