The Middleby Corporation

Equities

MIDD

US5962781010

Industrial Machinery & Equipment

Market Closed - Nasdaq Other stock markets 16:00:00 2024-06-28 EDT			5-day change	1st Jan Change
122.6 ^USD	-1.64%		-2.61%	-16.69%

06-28	Raymond James Initiates Middleby at Market Perform Rating	MT
05-22	JPMorgan Downgrades Middleby to Underweight From Neutral, Cuts Price Target to $118 From $145	MT

The Middleby Corporation : The share is well oriented

January 18, 2013 at 09:34 am
By

BUY Conditionne

Live

Entry price	Target	Stop-loss	Potential
US$131.29	US$145.6	US$128.4	+10.9%

The Middleby Corporation could breakout the USD 132.4 resistance in the short term.

The high levels of valuation show the interest of investors for this security.

The security is in an upward trend for several months. A running out of steam is occurred with the contact of USD 132.4 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the USD 132.4 resistance will indicate a buy signal with a target price in the area of USD 145.6.

Investors could take a buy position once prices will be above the resistance. A stop loss will be positioned under USD 128.4.

The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.

Latest news about The Middleby Corporation

Raymond James Initiates Middleby at Market Perform Rating	06-28	MT
JPMorgan Downgrades Middleby to Underweight From Neutral, Cuts Price Target to $118 From $145	05-22	MT
The Middleby Corporation Provides Financial Guidance for the Second Quarter and Second Half of 2024	05-08	CI
Transcript : The Middleby Corporation, Q1 2024 Earnings Call, May 08, 2024	05-08
Middleby's Fiscal Q1 Adjusted Net Earnings, Net Sales Fall	05-08	MT
Earnings Flash (MIDD) THE MIDDLEBY CORPORATION Reports Q1 Revenue $926.9M, vs. Street Est of $980.5M	05-08	MT
Earnings Flash (MIDD) THE MIDDLEBY CORPORATION Reports Q1 EPS $1.89, vs. Street Est of $2.07	05-08	MT
The Middleby Corporation Reports Earnings Results for the First Quarter Ended March 30, 2024	05-08	CI
Seaport Adjusts Price Target on Middleby to $184 From $175, Maintains Buy Rating	03-18	MT
Canaccord Genuity Adjusts Price Target on Middleby to $166 From $164, Maintains Buy Rating	02-21	MT
Transcript : The Middleby Corporation, Q4 2023 Earnings Call, Feb 20, 2024	02-20
Middleby's Fiscal Q4 Adjusted Earnings Increase, Net Sales Decline	02-20	MT
Earnings Flash (MIDD) THE MIDDLEBY CORPORATION Posts Q4 Revenue $1.01B, vs. Street Est of $1.02B	02-20	MT
Earnings Flash (MIDD) THE MIDDLEBY CORPORATION Reports Q4 EPS $2.65, vs. Street Est of $2.46	02-20	MT
The Middleby Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-20	CI
North American Morning Briefing : Earnings Back in -2-	02-20	DJ
Canaccord Genuity Adjusts Middleby Price Target to $164 From $149, Maintains Buy Rating	02-12	MT
Middleby Says It Acquired German Baking Equipment Company GBT	02-07	MT
The Middleby Corporation acquired Gbt Gmbh BÄCkerei Technologie.	02-06	CI
XMReality to Deliver Remote Guidance Video Technology to Kloppenberg	02-06	MT
Middleby Appoints Stephen Scherger and Tejas Shah to Its Board of Directors	01-16	CI
Tranche Update on The Middleby Corporation's Equity Buyback Plan announced on November 14, 2017.	11-09	CI
KeyBanc Adjusts Price Target on Middleby to $152 From $160, Maintains Overweight Rating	11-09	MT
Transcript : The Middleby Corporation, Q3 2023 Earnings Call, Nov 08, 2023	11-08
Middleby Q3 Adjusted Net Earnings Advance While Net Sales Retreat	11-08	MT

Chart The Middleby Corporation

Duration

Period

More charts

Company Profile

The Middleby Corporation is an engaged in designing, manufacturing and selling of commercial foodservice, food processing equipment and residential kitchen equipment. The company operates through three segments. Commercial Foodservice Equipment Group has a portfolio of foodservice equipment, which enables it to serve virtually any cooking, warming, holding, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. Food Processing Equipment Group offers a portfolio of processing solutions for customers producing protein products, such as bacon, salami, hot dogs, dinner sausages, poultry and lunchmeats and bakery products, such as muffins, cookies, crackers, pastries, bread and buns. Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. Principal product lines of this group are ranges, cookers, stoves, cooktops, microwaves, refrigerators, refrigeration, wine cellars and others.

Sector

Industrial Machinery & Equipment

Calendar

2024-08-06 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for The Middleby Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

122.6 USD

Average target price

161.4 USD

Spread / Average Target

+31.66%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Industrial Machinery & Equipment

	1st Jan change	Capi.
THE MIDDLEBY CORPORATION	-16.69%	6.59B
ATLAS COPCO AB	+14.78%	87.45B
PARKER-HANNIFIN CORPORATION	+9.79%	65.02B
INGERSOLL RAND INC.	+17.46%	36.65B
XYLEM INC.	+18.60%	32.88B
FORTIVE CORPORATION	+0.64%	26.09B
FANUC CORPORATION	+6.32%	25.92B
SANDVIK AB	-2.61%	25.14B
DOVER CORPORATION	+17.32%	24.8B
TECHTRONIC INDUSTRIES CO. LTD.	-4.14%	20.94B

Other Industrial Machinery & Equipment