Macquarie Infrastructure (MIC) Receiving Somewhat Favorable News Coverage, Analysis Shows
News stories about Macquarie Infrastructure (NYSE:MIC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.13 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 47.1915907106081 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Macquarie Infrastructure’s (MIC) CEO James Hooke on Q3 2017 Results – Earnings Call Transcript (msn.com)
- Macquarie Infrastructure Corporation (MIC) noted a price change of -3.58% and Potbelly Corporation (PBPB) closes … – Stocks Gallery (stocksgallery.com)
- Comparing Echo Global Logistics (ECHO) and Macquarie Infrastructure (MIC) (americanbankingnews.com)
- Head-To-Head Review: BEST (BSTI) and Macquarie Infrastructure (MIC) (americanbankingnews.com)
- Macquarie Infrastructure Company (MIC) Announces Dividend Increase – $1.42 Per Share (americanbankingnews.com)
MIC has been the subject of a number of research analyst reports. Zacks Investment Research raised Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Tuesday, July 18th. BidaskClub lowered Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Barclays PLC lowered Macquarie Infrastructure from an “overweight” rating to a “hold” rating and reduced their price target for the stock from $89.00 to $83.00 in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $88.00.
Macquarie Infrastructure (NYSE:MIC) traded up $0.23 on Tuesday, hitting $69.00. The stock had a trading volume of 18,033 shares, compared to its average volume of 762,293. The company has a market cap of $5,830.00, a price-to-earnings ratio of 32.04 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 1.11. Macquarie Infrastructure has a 52-week low of $65.57 and a 52-week high of $83.65.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 8.23%. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. The ex-dividend date is Friday, November 10th. Macquarie Infrastructure’s payout ratio is presently 266.67%.
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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