Macquarie Infrastructure (MIC) Receiving Somewhat Favorable Media Coverage, Report Shows
Media stories about Macquarie Infrastructure (NYSE:MIC) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Macquarie Infrastructure earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 46.3634098441887 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Macquarie Infrastructure (MIC) traded down $0.70 during trading on Monday, hitting $64.19. 1,047,581 shares of the stock were exchanged, compared to its average volume of 609,683. The company has a market cap of $5,487.36, a P/E ratio of 30.46 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Macquarie Infrastructure has a fifty-two week low of $63.08 and a fifty-two week high of $83.48.
A number of research analysts have recently weighed in on MIC shares. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 price target on the stock in a report on Wednesday, October 4th. SunTrust Banks cut their price target on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $83.75.
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Macquarie Infrastructure Company Profile
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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