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The Middleby (MIDD) stock forecast for 2024
Updated: April 23, 2024 (10:08)
Sector: IndustrialsThe share price of The Middleby Corp. (MIDD) now
50/200 Day Moving Average: $150.94 / $139.37
This figure corresponds to the Average Price over the previous 50/200 days. For The Middleby stocks, the 50-day moving average is the resistance level today.
For The Middleby stocks, the 200-day moving average is the resistance level today.
Are you interested in The Middleby Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the The Middleby stock price in 2024. How much will one The Middleby share be worth in 2024? Is it worth taking profit / loss on MIDD stock now or waiting? What are analysts' forecasts for The Middleby stock?
We forecast The Middleby stock performance using neural networks based on historical data on MIDD stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
The Middleby Corp. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for The Middleby analysts is $172. Today 200 Day Moving Average is the support level (139.37 $). 50 Day Moving Average is the support level (150.94 $).
Historical and forecast chart of The Middleby Corp. stock
The chart below shows the historical price of The Middleby stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the MIDD stock price can be found in the table below.
The Middleby Corporation offers a wide range of kitchen equipment. The company’s products are used in commercial kitchens and restaurants around the world. Middleby brands include Marshall, Southbend and Toastmaster.
The Middleby (MIDD) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 142.83 | 138.82 | 144.72 | 4.08 % |
| Jun | 144.27 | 139.07 | 148.09 | 6.09 % |
| Jul | 142.12 | 139.34 | 145.82 | 4.44 % |
| Aug | 135.50 | 129.75 | 140.52 | 7.67 % |
| Sep | 137.51 | 133.13 | 142.97 | 6.88 % |
| Oct | 135.90 | 132.73 | 138.06 | 3.86 % |
| Nov | 141.52 | 136.57 | 147.15 | 7.19 % |
| Dec | 143.17 | 138.16 | 146.36 | 5.60 % |
The Middleby information and performance
1400 TOASTMASTER DRIVE, ELGIN, IL, US
Market capitalization of the The Middleby Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of MIDD shares in the company outstanding by the market price of one share.
EBITDA of The Middleby is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
The Middleby price target for 2024 by month
Target values for the price of one The Middleby share for May 2024.
In May, the Positive dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 4.080% volatility is expected.
Pessimistic target level: 138.82
Optimistic target level: 144.72
Target values for the price of one The Middleby share for Jun 2024.
In Jun, the Positive dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 6.092% volatility is expected.
Pessimistic target level: 139.07
Optimistic target level: 148.09
Target values for the price of one The Middleby share for Jul 2024.
In Jul, the Negative dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 4.443% volatility is expected.
Pessimistic target level: 139.34
Optimistic target level: 145.82
Target values for the price of one The Middleby share for Aug 2024.
In Aug, the Negative dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 7.666% volatility is expected.
Pessimistic target level: 129.75
Optimistic target level: 140.52
Target values for the price of one The Middleby share for Sep 2024.
In Sep, the Positive dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 6.882% volatility is expected.
Pessimistic target level: 133.13
Optimistic target level: 142.97
Target values for the price of one The Middleby share for Oct 2024.
In Oct, the Negative dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 3.861% volatility is expected.
Pessimistic target level: 132.73
Optimistic target level: 138.06
Target values for the price of one The Middleby share for Nov 2024.
In Nov, the Positive dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 7.187% volatility is expected.
Pessimistic target level: 136.57
Optimistic target level: 147.15
Target values for the price of one The Middleby share for Dec 2024.
In Dec, the Positive dynamics for The Middleby Corp. shares will prevail with possible monthly volatility of 5.599% volatility is expected.
Pessimistic target level: 138.16
Optimistic target level: 146.36
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