Media coverage about Macquarie Infrastructure (NYSE:MIC) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macquarie Infrastructure earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the conglomerate an impact score of 46.336407643507 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Trending Stocks in Review: Antares Pharma Inc. (NASDAQ:ATRS), Macquarie Infrastructure Corporation (NYSE:MIC) – The Oracle Examiner (oracleexaminer.com)
- Macquarie Infrastructure Corporation (MIC) stock price is showing notable negative signal for long-term investors on … – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Negative stock of the month – Macquarie Infrastructure Corporation (MIC) stock performed -36.51% down – The Stocks News (press release) (thestocksnews.com)
- Lookout For Risk Factors – Macquarie Infrastructure Corporation, (NYSE: MIC) – Stock Watch (stocksnewstimes.com)
- Hot Stock That Must Be in Your Portfolio – Macquarie Infrastructure Corporation (NYSE: MIC) – Alpha Beta Stock (alphabetastock.com)
Shares of Macquarie Infrastructure (MIC) traded down $0.52 on Wednesday, reaching $39.36. The company’s stock had a trading volume of 463,458 shares, compared to its average volume of 2,114,910. Macquarie Infrastructure has a 12-month low of $37.03 and a 12-month high of $81.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.20. The company has a market capitalization of $3,419.91, a PE ratio of 7.37 and a beta of 1.24.
Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings data on Wednesday, February 21st. The conglomerate reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Macquarie Infrastructure had a net margin of 24.86% and a return on equity of 4.83%. The business had revenue of $471.21 million for the quarter, compared to the consensus estimate of $452.30 million. equities analysts expect that Macquarie Infrastructure will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a dividend, which was paid on Thursday, March 8th. Shareholders of record on Monday, March 5th were given a dividend of $1.44 per share. This is a positive change from Macquarie Infrastructure’s previous dividend of $1.11. The ex-dividend date was Friday, March 2nd. Macquarie Infrastructure’s payout ratio is 107.26%.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Macquarie Infrastructure from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. SunTrust Banks reduced their price objective on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. ValuEngine cut Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Alembic Global Advisors reiterated a “sell” rating on shares of Macquarie Infrastructure in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada lowered their target price on Macquarie Infrastructure to $55.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Macquarie Infrastructure presently has a consensus rating of “Hold” and an average target price of $74.25.
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About Macquarie Infrastructure
Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.
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