The Magnum Ice Cream Company N.V. (NYSE:MICC) Receives Average Rating of “Hold” from Analysts

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several research analysts have recently weighed in on MICC shares. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday, June 29th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th.

Read Our Latest Research Report on MICC

Magnum Ice Cream Stock Performance

Shares of Magnum Ice Cream stock opened at $18.38 on Thursday. The business’s 50 day moving average price is $17.69 and its 200 day moving average price is $16.37. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 3.10. Magnum Ice Cream has a one year low of $12.94 and a one year high of $19.93.

Magnum Ice Cream (NYSE:MICCGet Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $2.68 billion during the quarter. As a group, research analysts forecast that Magnum Ice Cream will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FIL Ltd acquired a new stake in Magnum Ice Cream during the fourth quarter worth $360,762,000. Vanguard Group Inc. purchased a new position in shares of Magnum Ice Cream during the 4th quarter worth $344,031,000. First Eagle Investment Management LLC purchased a new position in shares of Magnum Ice Cream during the 4th quarter worth $260,541,000. Norges Bank acquired a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $173,632,000. Finally, Barclays PLC acquired a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $156,326,000.

About Magnum Ice Cream

(Get Free Report)

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.

See Also

Analyst Recommendations for Magnum Ice Cream (NYSE:MICC)

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