Middleby downgraded by JP Morgan with a new price target
$MIDD
Industrial Machinery/Components
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JP Morgan downgraded Middleby from Neutral to Underweight and set a new price target of $118.00 from $145.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2024 | Mkt Perform | Raymond James | |
| 5/22/2024 | $145.00 → $118.00 | Neutral → Underweight | JP Morgan |
| 11/17/2022 | $171.00 | Buy | Canaccord Genuity |
| 8/26/2022 | $190.00 | Buy | The Benchmark Company |
| 2/23/2022 | $194.00 → $198.00 | Neutral | JP Morgan |
| 1/25/2022 | $210.00 → $220.00 | Overweight | Keybanc |
| 1/13/2022 | $215.00 → $217.00 | Overweight | Barclays |
| 12/17/2021 | $200.00 → $215.00 | Overweight | Barclays |
4 analysts have shared their evaluations of Middleby (NASDAQ:MIDD) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 0 1 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 1 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $149.0, with a high estimate of $160.00 and a low estimate of $118.00. Highlighting a 7.6% decrease, the current
Canaccord Genuity analyst Brian McNamara maintains Middleby (NASDAQ:MIDD) with a Buy and maintains $159 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Schlumberger Limited (NYSE:SLB) from $71 to $66. Piper Sandler analyst Luke Lemoine maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday. See how other analysts view this stock. Oppenheimer boosted the price target for The Trade Desk, Inc. (NASDAQ:TTD) from $105 to $120. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Trade Desk shares gained 0.9% to close at $99.44 on Friday. See how other analysts view thi
The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., and has $70 million in annual revenues. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its Nashville-area headquarters. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad. "We have targeted the snack food
Net sales of $943 million Diluted earnings per share of $2.11 and adjusted net earnings per share of $2.33 Operating income of $173 million and 18.4% of net sales Adjusted EBITDA of $213 million and organic adjusted EBITDA margin of 22.6% Operating cash flows of $157 million Net leverage reduced to 2.2x Completed the acquisition of Emery Thompson The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2024. "Unfavorable macro-economic conditions continued in the third quarter and grew even more challenging in
The Middleby Corporation (NASDAQ:MIDD) will release 2024 third quarter earnings on Thursday, October 31 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central Time on October 31. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference by dialing 1-844-481-3012 for domestic participants or 1-412-317-1878 for international access. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solut
10-Q - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
10-Q - MIDDLEBY Corp (0000769520) (Filer)
The Middleby Corporation (NASDAQ:MIDD) today announced the expansion of its Board of Directors with the appointment of Stephen Scherger and Tejas Shah. Mr. Scherger is Chief Financial Officer of Graphic Packaging Holding Company with extensive business expertise in audit, acquisitions, distribution, and capital strategies. Mr. Shah is Global Chief Information Officer of Fluence Energy and brings a deep knowledge of cybersecurity and IoT to the Middleby Board along with proven success in implementing business-to-business and business-to-consumer strategies. "Steve and Tejas bring deep experience to the Middleby Board, expanding our proficiencies in risk management, cybersecurity, innovat
-Martin Lindsay Retires, Brittany Cerwin and Matthew Fuchsen Named Company Officers- Middleby (NASDAQ:MIDD) announced today the retirement of Chief Risk and Administration Officer Martin M. Lindsay and the appointment of two company officers. Brittany Cerwin was named Chief Accounting Officer and Matthew Fuchsen was named Chief Development Officer of the company. Mr. Lindsay, a senior leader with Middleby for nearly 25 years, will be retiring at the end of July and plans to remain an advisor to the company until the end of 2023. He will begin this transition immediately and step down as a company officer. Joining Middleby in 1999, Mr. Lindsay began his Middleby career at a time when t
Highlights New Directors Selim Bassoul and Alan Shaw Collectively Possess Deep Experience in Durable Goods, Finance, Governance, Growth Initiatives and Supplier Relations Reaches Cooperation Agreement with Kanen Wealth Management, Which Provided Constructive Input on Latest Stage of Company's Board Refresh Process 1847 Goedeker Inc. (NYSE:GOED) ("Goedeker" or the "Company"), one of the largest specialty ecommerce players in the U.S. household appliances market, today announced that it has appointed two highly-qualified and independent individuals – Selim Bassoul and Alan Shaw – to the Company's Board of Directors (the "Board"), effective immediately. Today's appointments, which are an
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4 - MIDDLEBY Corp (0000769520) (Issuer)
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4 - MIDDLEBY Corp (0000769520) (Issuer)
Raymond James initiated coverage of Middleby with a rating of Mkt Perform
JP Morgan downgraded Middleby from Neutral to Underweight and set a new price target of $118.00 from $145.00 previously
Canaccord Genuity initiated coverage of Middleby with a rating of Buy and set a new price target of $171.00
The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., and has $70 million in annual revenues. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its Nashville-area headquarters. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad. "We have targeted the snack food
Net sales of $943 million Diluted earnings per share of $2.11 and adjusted net earnings per share of $2.33 Operating income of $173 million and 18.4% of net sales Adjusted EBITDA of $213 million and organic adjusted EBITDA margin of 22.6% Operating cash flows of $157 million Net leverage reduced to 2.2x Completed the acquisition of Emery Thompson The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2024. "Unfavorable macro-economic conditions continued in the third quarter and grew even more challenging in
The Middleby Corporation (NASDAQ:MIDD) will release 2024 third quarter earnings on Thursday, October 31 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central Time on October 31. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference by dialing 1-844-481-3012 for domestic participants or 1-412-317-1878 for international access. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solut