Macquarie Infrastructure (MIC) Receiving Somewhat Positive News Coverage, Accern Reports

Media headlines about Macquarie Infrastructure (NYSE:MIC) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macquarie Infrastructure earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.5617856987178 out of 100, meaning 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 headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have issued reports on MIC. Zacks Investment Research raised shares of Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 price objective on the stock in a research note on Wednesday, October 4th. BidaskClub cut shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and dropped their price objective for the company from $89.00 to $83.00 in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $88.00.

Macquarie Infrastructure (MIC) opened at 69.55 on Wednesday. The firm has a 50-day moving average of $72.17 and a 200 day moving average of $75.70. Macquarie Infrastructure has a 52 week low of $68.49 and a 52 week high of $84.10. The firm has a market capitalization of $5.75 billion, a PE ratio of 33.44 and a beta of 0.88.

Macquarie Infrastructure (NYSE:MIC) last issued its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.26). Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The company had revenue of $438.99 million during the quarter, compared to analyst estimates of $416.50 million. Analysts predict that Macquarie Infrastructure will post $1.86 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Macquarie Infrastructure (MIC) Receiving Somewhat Positive News Coverage, Accern Reports” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at

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.

Insider Buying and Selling by Quarter for Macquarie Infrastructure (NYSE:MIC)

What are top analysts saying about Macquarie Infrastructure Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Macquarie Infrastructure Company and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit