The Middleby Corporation : Good timing to anticipate a continuation of the trend

07/01/2021 | 02:39am EDT

Jordan Dufee

long trade Target price hit

Entry price : 174.57$ | Target : 200$ | Stop-loss : 160$ | Potential : 14.57%

Shares in The Middleby Corporation show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good. Investors have an opportunity to buy the stock and target the $ 200.

Summary

• The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
• The company has solid fundamentals for a short-term investment strategy.

Strengths

• Over the last twelve months, the sales forecast has been frequently revised upwards.
• Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
• For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
• For the past twelve months, EPS forecast has been revised upwards.
• Analysts covering this company mostly recommend stock overweighting or purchase.
• The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
• Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

Weaknesses

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