Somewhat Positive News Coverage Somewhat Unlikely to Affect Macquarie Infrastructure (MIC) Stock Price

Media stories about Macquarie Infrastructure (NYSE:MIC) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Macquarie Infrastructure earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media headlines about the conglomerate an impact score of 45.550104888457 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

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MIC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. SunTrust Banks lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lowered shares of Macquarie Infrastructure from an “overweight” rating to a “neutral” rating in a report on Thursday, February 22nd. Alembic Global Advisors reissued a “sell” rating on shares of Macquarie Infrastructure in a report on Thursday, February 22nd. Finally, Wells Fargo reissued a “market perform” rating on shares of Macquarie Infrastructure in a report on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.25.

Shares of Macquarie Infrastructure (MIC) opened at $36.94 on Monday. Macquarie Infrastructure has a 12-month low of $36.81 and a 12-month high of $81.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.20 and a quick ratio of 1.06. The company has a market cap of $3,133.21, a PE ratio of 6.88 and a beta of 1.24.

Macquarie Infrastructure (NYSE:MIC) last posted its earnings results on Wednesday, February 21st. The conglomerate reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Macquarie Infrastructure had a return on equity of 4.83% and a net margin of 24.86%. The company had revenue of $471.21 million during the quarter, compared to analysts’ expectations of $452.30 million. research analysts predict that Macquarie Infrastructure will post 2.25 earnings per share for the current year.

The business also recently announced a dividend, which was paid on Thursday, March 8th. Stockholders of record on Monday, March 5th were given a $1.44 dividend. This is a boost from Macquarie Infrastructure’s previous dividend of $1.11. The ex-dividend date was Friday, March 2nd. Macquarie Infrastructure’s dividend payout ratio (DPR) is currently 107.26%.

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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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