The Middleby Corp (MIDD) received a Buy rating and a $142 price target from Robert W. Baird analyst Mircea Dobre today. The company’s shares closed on Friday at $117.09.
According to TipRanks.com, Dobre is a 1-star analyst with an average return of -2.6% and a 40.7% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Illinois Tool Works.
Currently, the analyst consensus on The Middleby Corp is a Moderate Buy with an average price target of $135.
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The Middleby Corp’s market cap is currently $6.54B and has a P/E ratio of 21.89. The company has a Price to Book ratio of 4.16.
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Middleby Corp. engages in the design, manufacture, marketing, distribution and service of a broad line of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group.
