Midera Food Processing (NASDAQ:MFP) Stock Rated “Hold” by Sell-Side Brokerages

Midera Food Processing (NASDAQ:MFP) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $45.00.

Several research analysts have issued reports on MFP shares. Oppenheimer started coverage on Midera Food Processing in a report on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price target on the stock. Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a research report on Saturday, August 1st. KeyCorp started coverage on Midera Food Processing in a research note on Tuesday, August 25th. They set a “sector weight” rating for the company. William Blair started coverage on Midera Food Processing in a research note on Tuesday. They set an “outperform” rating for the company. Finally, Robert W. Baird initiated coverage on Midera Food Processing in a report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 target price on the stock.

Midera Food Processing Stock Performance

Shares of NASDAQ:MFP opened at $40.04 on Tuesday. Midera Food Processing has a 1-year low of $33.00 and a 1-year high of $52.58. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $43.65.

Insider Activity at Midera Food Processing

In related news, Director Robert Nerbonne bought 10,900 shares of Midera Food Processing stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $45.05 per share, with a total value of $491,045.00. Following the completion of the acquisition, the director directly owned 32,371 shares in the company, valued at approximately $1,458,313.55. This trade represents a 50.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Midera Food Processing

An institutional investor recently bought a new stake in Midera Food Processing stock. State of Alaska Department of Revenue purchased a new position in Midera Food Processing (NASDAQ:MFP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,989 shares of the company’s stock, valued at approximately $285,000.

About Midera Food Processing

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.