Media coverage about Macquarie Infrastructure (NYSE:MIC) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. 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 0.22 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.2893794050491 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Macquarie Infrastructure (MIC) traded down $0.93 during mid-day trading on Friday, hitting $64.99. 1,139,034 shares of the stock were exchanged, compared to its average volume of 834,191. Macquarie Infrastructure has a twelve month low of $63.08 and a twelve month high of $83.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.93. The firm has a market capitalization of $5,495.81, a price-to-earnings ratio of 30.51 and a beta of 0.87.
Several analysts recently commented on MIC shares. Zacks Investment Research raised shares of Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research note on Wednesday, October 4th. SunTrust Banks cut their target price 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 analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.75.
In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 1,732 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total value of $114,086.84. Following the transaction, the director now owns 49,076 shares in the company, valued at approximately $3,232,636.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Norman H. Brown, Jr. sold 2,151 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total transaction of $142,116.57. Following the completion of the transaction, the director now owns 46,925 shares in the company, valued at approximately $3,100,334.75. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.
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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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