Middleby (MIDD) Stock Forecast, Price Target & Predictions
MIDD Stock Forecast
Middleby stock forecast is as follows: an average price target of $160.00 (represents a 19.02% upside from MIDD’s last price of $134.44) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
MIDD Price Target
The average price target for Middleby (MIDD) is $160.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $160.00. This represents a potential 19.02% upside from MIDD's last price of $134.44.
MIDD Analyst Ratings
According to 6 Wall Street analysts, Middleby's rating consensus is 'Buy'. The analyst rating breakdown for MIDD stock is 0 'Strong Buy' (0.00%), 5 'Buy' (83.33%), 1 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Middleby Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Jeffrey Hammond | KeyBanc | $160.00 | $140.59 | 13.81% | 19.02% |
| Jun 05, 2024 | Saree Boroditsky | Jefferies | $170.00 | $127.01 | 33.85% | 26.46% |
| May 09, 2024 | Brian McNamara | Canaccord Genuity | $159.00 | $138.58 | 14.74% | 18.27% |
| Apr 17, 2024 | Jeffrey Hammond | KeyBanc | $175.00 | $140.96 | 24.15% | 30.17% |
| Nov 17, 2022 | Canaccord Genuity | $171.00 | $139.84 | 22.28% | 27.20% | |
| Apr 05, 2022 | Timothy Thein | Citigroup | $190.00 | $155.03 | 22.56% | 41.33% |
The latest Middleby stock forecast, released on Aug 27, 2024 by Jeffrey Hammond from KeyBanc, set a price target of $160.00, which represents a 13.81% increase from the stock price at the time of the forecast ($140.59), and a 19.02% increase from MIDD last price ($134.44).
Middleby Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $166.00 |
| Last Closing Price | $134.44 | $134.44 | $134.44 |
| Upside/Downside | -100.00% | -100.00% | 23.48% |
In the current month, the average price target of Middleby stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Middleby's last price of $134.44. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 30, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Aug 27, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 25, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Jun 27, 2024 | Raymond James | Market Perform | Initialise | |
| Jun 05, 2024 | Jefferies | Buy | Buy | Hold |
| May 09, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Apr 17, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Feb 21, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Aug 07, 2023 | Benchmark | Buy | Buy | Hold |
| Jul 17, 2023 | Citigroup | Buy | Buy | Hold |
| Nov 17, 2022 | Canaccord Genuity | Buy | Initialise | |
| Aug 26, 2022 | Benchmark | Buy | Initialise | |
| Jul 22, 2022 | KeyBanc | Overweight | Overweight | Hold |
Middleby's last stock rating was published by Canaccord Genuity on Aug 30, 2024. The company gave MIDD a "Buy" rating, the same as its previous rate.
Middleby Financial Forecast
Middleby Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $980.65M | $1.04B | $1.01B | $1.03B | $992.87M | $1.01B | $994.68M | $729.30M | $817.54M | $808.77M | - | - | $634.52M |
| Avg Forecast | $1.14B | $1.08B | $1.12B | $1.01B | $1.09B | $1.04B | $1.08B | $986.90M | $1.04B | $989.88M | $1.03B | $946.45M | $996.34M | $996.60M | $994.05M | $979.06M | $1.02B | $1.02B | $1.04B | $969.12M | $1.01B | $1.02B | $995.79M | $934.98M | $847.44M | $826.42M | $808.65M | $728.70M | $694.85M | $601.10M |
| High Forecast | $1.16B | $1.09B | $1.13B | $1.02B | $1.10B | $1.05B | $1.09B | $997.34M | $1.06B | $1.00B | $1.04B | $953.15M | $1.01B | $1.00B | $994.05M | $979.06M | $1.03B | $1.04B | $1.05B | $979.37M | $1.02B | $1.02B | $995.79M | $934.98M | $847.44M | $826.42M | $808.65M | $728.70M | $694.85M | $601.10M |
| Low Forecast | $1.13B | $1.07B | $1.10B | $997.74M | $1.08B | $1.03B | $1.07B | $977.63M | $1.03B | $980.58M | $1.02B | $942.25M | $991.91M | $992.79M | $994.05M | $979.06M | $1.01B | $1.01B | $1.03B | $960.02M | $1.00B | $1.02B | $995.79M | $934.98M | $847.44M | $826.42M | $808.65M | $728.70M | $694.85M | $601.10M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 | 7 | 3 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.00% | 1.04% | 1.02% | 0.97% | 1.02% | 1.06% | 0.86% | 0.99% | 1.00% | - | - | 1.06% |
Middleby's average Quarter revenue forecast for Dec 23 based on 6 analysts is $1.02B, with a low forecast of $1.01B, and a high forecast of $1.03B. MIDD's average Quarter revenue forecast represents a 4.06% increase compared to the company's last Quarter revenue of $980.65M (Sep 23).
Middleby EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 | 7 | 3 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $179.92M | $192.62M | $163.68M | $189.62M | $165.45M | $176.15M | $131.89M | $117.82M | $274.68M | $178.33M | - | - | $124.50M |
| Avg Forecast | $235.86M | $222.23M | $229.94M | $207.67M | $225.21M | $213.53M | $221.97M | $203.49M | $215.39M | $204.10M | $211.55M | $195.15M | $205.43M | $205.49M | $204.96M | $210.83M | $210.41M | $210.68M | $213.68M | $191.66M | $128.05M | $181.80M | $176.75M | $174.24M | $150.42M | $146.69M | $174.88M | $129.34M | $123.33M | $106.69M |
| High Forecast | $238.35M | $224.58M | $232.37M | $209.87M | $227.59M | $215.79M | $224.32M | $205.64M | $217.67M | $206.26M | $213.79M | $196.53M | $208.13M | $206.27M | $204.96M | $252.99M | $212.47M | $214.26M | $215.94M | $229.99M | $153.66M | $181.80M | $176.75M | $209.08M | $150.42M | $146.69M | $209.86M | $129.34M | $123.33M | $106.69M |
| Low Forecast | $233.64M | $220.14M | $227.78M | $205.72M | $223.10M | $211.52M | $219.88M | $201.58M | $213.37M | $202.18M | $209.56M | $194.28M | $204.52M | $204.70M | $204.96M | $168.66M | $208.43M | $207.75M | $211.67M | $153.33M | $102.44M | $181.80M | $176.75M | $139.39M | $150.42M | $146.69M | $139.91M | $129.34M | $123.33M | $106.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.90% | 0.85% | 1.48% | 0.91% | 1.00% | 0.76% | 0.78% | 1.87% | 1.02% | - | - | 1.17% |
6 analysts predict MIDD's average Quarter EBITDA for Dec 23 to be $210.41M, with a high of $212.47M and a low of $208.43M. This is 16.95% upper than Middleby's previous annual EBITDA (Sep 23) of $179.92M.
Middleby Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 | 7 | 3 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $108.65M | $116.85M | $99.09M | $133.20M | $104.37M | $113.25M | $85.75M | $51.84M | $175.97M | $120.58M | - | - | $60.52M |
| Avg Forecast | $181.51M | $167.66M | $169.19M | - | $168.87M | $156.58M | $157.85M | $128.34M | $151.54M | $138.89M | $137.61M | $109.48M | $138.42M | $133.76M | $124.62M | $102.28M | $132.95M | $125.64M | $127.02M | $92.98M | $56.34M | $127.69M | $116.62M | $84.53M | $109.86M | $109.78M | $118.25M | $88.20M | $76.96M | $54.87M |
| High Forecast | $184.01M | $169.97M | $171.52M | - | $171.19M | $158.73M | $160.02M | $130.10M | $153.63M | $140.80M | $139.50M | $114.64M | $146.12M | $134.51M | $124.63M | $122.74M | $135.67M | $132.14M | $128.76M | $111.58M | $67.61M | $127.69M | $116.62M | $101.44M | $113.64M | $109.78M | $141.91M | $88.20M | $76.96M | $54.87M |
| Low Forecast | $179.30M | $165.62M | $167.13M | - | $166.81M | $154.67M | $155.92M | $126.77M | $149.69M | $137.20M | $135.93M | $107.19M | $130.19M | $133.01M | $124.62M | $81.82M | $131.31M | $116.97M | $125.46M | $74.39M | $45.07M | $127.69M | $116.62M | $67.62M | $106.07M | $109.78M | $94.60M | $88.20M | $76.96M | $54.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.92% | 1.07% | 2.36% | 0.82% | 0.97% | 1.01% | 0.47% | 1.60% | 1.02% | - | - | 1.10% |
Middleby's average Quarter net income forecast for Dec 23 is $132.95M, with a range of $131.31M to $135.67M. MIDD's average Quarter net income forecast represents a 22.36% increase compared to the company's last Quarter net income of $108.65M (Sep 23).
Middleby SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 | 7 | 3 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $196.43M | $203.52M | $215.41M | $200.48M | $201.20M | $189.49M | $206.07M | $147.32M | $175.35M | $165.71M | - | - | $128.81M |
| Avg Forecast | $230.80M | $217.46M | $225.01M | $203.22M | $220.38M | $208.95M | $217.21M | $199.13M | $210.77M | $199.73M | $207.01M | $190.96M | $201.03M | $201.08M | $200.57M | $245.78M | $205.90M | $206.17M | $209.10M | $223.44M | $160.11M | $203.27M | $197.62M | $203.13M | $168.18M | $164.01M | $162.51M | $144.61M | $137.90M | $119.29M |
| High Forecast | $233.24M | $219.76M | $227.39M | $205.37M | $222.71M | $211.16M | $219.51M | $201.23M | $213.00M | $201.84M | $209.20M | $192.32M | $203.67M | $201.85M | $200.57M | $294.94M | $207.92M | $209.67M | $211.31M | $268.13M | $192.13M | $203.27M | $197.62M | $243.75M | $168.18M | $164.01M | $195.01M | $144.61M | $137.90M | $119.29M |
| Low Forecast | $228.63M | $215.42M | $222.90M | $201.31M | $218.31M | $206.99M | $215.17M | $197.26M | $208.79M | $197.85M | $205.07M | $190.12M | $200.14M | $200.31M | $200.57M | $196.63M | $203.97M | $203.30M | $207.13M | $178.75M | $128.09M | $203.27M | $197.62M | $162.50M | $168.18M | $164.01M | $130.01M | $144.61M | $137.90M | $119.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.97% | 0.96% | 1.25% | 0.99% | 0.96% | 1.01% | 0.88% | 1.07% | 1.02% | - | - | 1.08% |
Middleby's average Quarter SG&A projection for Dec 23 is $205.90M, based on 6 Wall Street analysts, with a range of $203.97M to $207.92M. The forecast indicates a 4.82% rise compared to MIDD last annual SG&A of $196.43M (Sep 23).
Middleby EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 | 7 | 3 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.03 | $2.18 | $1.85 | $2.48 | $1.94 | $2.10 | $1.57 | $0.94 | $3.19 | $2.18 | - | - | $1.10 |
| Avg Forecast | $3.36 | $3.10 | $3.13 | - | $3.13 | $2.90 | $2.92 | $2.38 | $2.80 | $2.57 | $2.55 | $2.03 | $2.56 | $2.48 | $2.31 | $2.06 | $2.46 | $2.33 | $2.35 | $1.97 | $2.44 | $2.36 | $2.16 | $2.10 | $2.03 | $2.03 | $2.08 | $1.63 | $1.42 | $1.01 |
| High Forecast | $3.41 | $3.15 | $3.17 | - | $3.17 | $2.94 | $2.96 | $2.41 | $2.84 | $2.61 | $2.58 | $2.12 | $2.70 | $2.49 | $2.31 | $2.06 | $2.51 | $2.45 | $2.38 | $2.00 | $2.47 | $2.36 | $2.16 | $2.10 | $2.10 | $2.03 | $2.08 | $1.63 | $1.42 | $1.01 |
| Low Forecast | $3.32 | $3.06 | $3.09 | - | $3.09 | $2.86 | $2.89 | $2.35 | $2.77 | $2.54 | $2.52 | $1.98 | $2.41 | $2.46 | $2.31 | $2.06 | $2.43 | $2.16 | $2.32 | $1.95 | $2.41 | $2.36 | $2.16 | $2.10 | $1.96 | $2.03 | $2.08 | $1.63 | $1.42 | $1.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.93% | 0.94% | 1.02% | 0.82% | 0.97% | 0.75% | 0.46% | 1.57% | 1.05% | - | - | 1.08% |
According to 6 Wall Street analysts, Middleby's projected average Quarter EPS for Dec 23 is $2.46, with a low estimate of $2.43 and a high estimate of $2.51. This represents a 21.20% increase compared to MIDD previous annual EPS of $2.03 (Sep 23).
Middleby Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MIDD | Middleby | $135.96 | $160.00 | 17.68% | Buy |
| FELE | Franklin Electric | $103.99 | $120.00 | 15.40% | Buy |
| DCI | Donaldson Company | $70.92 | $81.00 | 14.21% | Hold |
| AME | AMETEK | $186.71 | $203.00 | 8.72% | Buy |
| ITT | ITT | $149.06 | $159.00 | 6.67% | Buy |
| IEX | IDEX | $222.19 | $232.00 | 4.42% | Buy |
| IR | Ingersoll Rand | $97.55 | $101.00 | 3.54% | Buy |
| FLS | Flowserve | $59.83 | $60.20 | 0.62% | Buy |
| WTS | Watts Water | $214.76 | $212.00 | -1.29% | Buy |
| NPO | EnPro Industries | $187.20 | $180.00 | -3.85% | Buy |
| KAI | Kadant | $354.25 | $300.00 | -15.31% | |
| EPAC | Enerpac Tool Group | $47.35 | $23.00 | -51.43% | Hold |