Stock Rating Upgrade
In the last week the Value Trend Rating for The Middleby Corp (NASDAQ: MIDD) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 10/1/24, The Middleby Corp (NASDAQ: MIDD) stock declined slightly by -0.6%, closing at $138.23. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -2.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MIDD is expected to continue to be an important Value Builder.
Middleby has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Middleby has a neutral Appreciation Score of 56 but a poor Power Rating of 29, triggering the Low Neutral Value Trend Rating.
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