Macquarie Infrastructure (MIC) Getting Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Macquarie Infrastructure (NYSE:MIC) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macquarie Infrastructure earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 47.2994172406544 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
MIC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, October 4th. SunTrust Banks reduced their price objective on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.75.
Macquarie Infrastructure (NYSE MIC) traded down $0.87 during trading hours on Tuesday, reaching $64.12. 1,616,100 shares of the company’s stock were exchanged, compared to its average volume of 1,077,290. The company has a market cap of $5,420.00, a price-to-earnings ratio of 30.98 and a beta of 0.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.07. Macquarie Infrastructure has a 1-year low of $63.08 and a 1-year high of $83.48.
In other news, Director Norman H. Brown, Jr. sold 2,151 shares of Macquarie Infrastructure stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total value of $142,116.57. Following the completion of the sale, the director now directly owns 46,925 shares in the company, valued at $3,100,334.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norman H. Brown, Jr. sold 1,732 shares of Macquarie Infrastructure stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total transaction of $114,086.84. Following the completion of the sale, the director now owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
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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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