Somewhat Favorable News Coverage Extremely Likely to Impact Manchester United (NYSE:MANU) Stock Price

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News coverage about Manchester United (NYSE:MANU) has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Manchester United earned a news impact score of 1.86 on their scale. InfoTrie also gave press coverage about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have impacted Manchester United’s ranking:

Shares of NYSE:MANU traded down $0.26 during midday trading on Friday, reaching $17.78. 674 shares of the company’s stock traded hands, compared to its average volume of 44,337. The company has a market cap of $720.29 million, a P/E ratio of 127.00, a PEG ratio of 3.72 and a beta of 0.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.08. Manchester United has a one year low of $16.91 and a one year high of $27.70.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10. The company had revenue of $152.10 million during the quarter, compared to analysts’ expectations of $156.97 million. Manchester United had a return on equity of 13.45% and a net margin of 3.67%. Manchester United’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. On average, sell-side analysts anticipate that Manchester United will post 0.22 earnings per share for the current year.

A number of brokerages have recently issued reports on MANU. Zacks Investment Research raised Manchester United from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, February 21st. Deutsche Bank set a $20.00 price target on Manchester United and gave the company a “hold” rating in a report on Wednesday, February 20th. Finally, ValuEngine downgraded Manchester United from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.75.

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About Manchester United

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

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