# The Middleby Corporation – Consensus ‘buy’ rating and 47.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/the-middleby-corporation-consensus-buy-rating-and-47.4-upside-potential/4121131660
- Published: 2023-11-01T13:54:08+00:00
- Author: Charlotte Edwards

**The Middleby Corporation** with ticker code (MIDD) now have 9 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The range between
the high target price and low target price is between $180.00 and $137.00 calculating
the average target price we see $166.33. Given that the stocks previous close was
at $112.87 this now indicates there is a potential upside of 47.4%. It’s also worth
noting that there is a 50 day moving average of $129.91 and the 200 day MA is $141.32.
The total market capitalization for the company now stands at 5.97B. The stock price
for the company is currently $111.35 USD

 The potential market cap would be $8,795,719,262 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 13.35, revenue per share of $75.83
and a 6.61% return on assets.

The Middleby Corporation is a foodservice company. It develops and manufactures 
a line of solutions. Its segments include the Commercial Foodservice Equipment Group,
the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
The Commercial Foodservice Equipment Group segment 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.
The Food Processing Equipment Group segment 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, 
and others. The Residential Kitchen Equipment Group manufactures, sells and distributes
kitchen equipment for the residential market. Its Kitchen Equipment includes cookers,
stoves, cooktops, microwaves, ovens, refrigerators and others.

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