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Is this Large Market Cap Stock target price reasonable for Middleby Corp. (NASDAQ:MIDD)?

The company in question is, Middleby Corp. (NASDAQ:MIDD) currently with a stock price of 117.69 (-0.54% today). The market cap for Middleby Corp. is 6834.16, and is in the sector Industrial Goods, and Diversified Machinery industry. The target price for Middleby Corp. is 144.43. Currently Middleby Corp. is trading with a P/E of 29.78, and a forward P/E of 21.24. Average volume for Middleby Corp. is 307.02 and so far today it is 151501.

Performance in the last year for Middleby Corp. has been 3.75%. For EPS growth, Middleby Corp. has seen a growth of -1.20%, and is looking to grow in the next year to 16.16%. More long term stats show that EPS growth has been 20.50% over the last five years and could be 18.35% for the next five years. Middleby Corp. has seen sales growth quarter over quarter at 33.10%, with EPS growth quarter over quarter at 34.20%. The 20-day simple moving average is -5.86%, with the 200-day simple moving average coming to 5.88%.

Since the IPO date for Middleby Corp. on the 3/17/1992, Middleby Corp. has seen performance year to date to be 9.69%. With Middleby Corp. trading at 117.69, the dividend yield is *TBA, and the EPS is 3.97.

So could Middleby Corp., be undervalued? Well as said before P/E is 29.78. The PEG is 1.62, P/S is 3.28 and the P/B is at 5.25. The P/cash is 92.35, with P/free cash flow at 32.13.

Middleby Corp. ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 0.9. This is with long term debt/equity at 0.67, and total debt/equity at 0.71.

In terms of margins, Middleby Corp. has a gross margin of 38.80%, an operating margin of 16.90% and a profit margin of 10.90%.Payout ratio for Middleby Corp. is 0.00%. Return on assets come to 8.10% with return on investment coming to 11.00%.

Insider ownership for Middleby Corp., is at 1.70% and institutional ownership comes to 97.80%. Outstanding shares are at 57.76. While shares float is 56.5. The float short is currently 6.40%, and short ratio is 11.78.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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