Robert W. Baird analyst Timothy Wojs maintained a Hold rating on The Middleby Corp (NASDAQ: MIDD) today and set a price target of $130. The company’s shares opened today at $120.88.
According to TipRanks.com, Wojs is a 3-star analyst with an average return of 4.4% and a 58.1% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, American Woodmark Corp, and Carlisle Companies Inc.
The Middleby Corp has an analyst consensus of Moderate Buy, with a price target consensus of $125.50.
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Based on The Middleby Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $83.99 million. In comparison, last year the company had a net profit of $77.57 million.
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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.
