Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Middleby Corp (NASDAQ: MIDD) weakened in the last week. MIDD’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
The Middleby Corp (NASDAQ: MIDD) stock closed at $141.31 on 9/20/24 after a modest decline of -2.0%. Trading volume in this decline was normal. Relative to the market the stock has been weak over the last nine months but has risen 10.4% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Middleby has a neutral Appreciation Score of 55 but a poor Power Rating of 29, producing the Negative Value Trend Rating.
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