Middleby (MIDD) Earns Daily News Impact Rating of 0.06

News headlines about Middleby (NASDAQ:MIDD) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 0.06 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.7230188334539 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern’s rankings:

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Shares of NASDAQ:MIDD opened at $122.43 on Monday. The firm has a market cap of $6,827.27, a PE ratio of 19.88 and a beta of 1.80. The company has a current ratio of 1.97, a quick ratio of 1.07 and a debt-to-equity ratio of 0.75. Middleby has a 52 week low of $107.53 and a 52 week high of $142.00.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The company had revenue of $632.86 million for the quarter, compared to analyst estimates of $646.83 million. Middleby had a net margin of 12.77% and a return on equity of 22.98%. equities analysts anticipate that Middleby will post 6.49 earnings per share for the current year.

A number of research firms have weighed in on MIDD. Zacks Investment Research cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. BidaskClub upgraded shares of Middleby from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 13th. BMO Capital Markets reiterated a “buy” rating and set a $160.00 price target (up previously from $145.00) on shares of Middleby in a report on Wednesday, March 7th. They noted that the move was a valuation call. Citigroup cut their price target on shares of Middleby from $150.00 to $132.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. Finally, Susquehanna Bancshares set a $149.00 price target on shares of Middleby and gave the stock a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Middleby presently has a consensus rating of “Hold” and a consensus target price of $138.25.

In other Middleby news, Director Nassem Ziyad purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were bought at an average price of $118.50 per share, for a total transaction of $237,000.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $237,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

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About Middleby

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.

Insider Buying and Selling by Quarter for Middleby (NASDAQ:MIDD)

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