Manchester United PLC (NYSE:MANU) has been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.67.
Several analysts have recently commented on MANU shares. Jefferies Financial Group increased their price objective on Manchester United to $26.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Zacks Investment Research raised Manchester United from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 17th. Finally, Bank of America increased their price objective on Manchester United from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, September 27th.
Shares of Manchester United stock opened at $18.61 on Friday. The company has a market capitalization of $748.02 million, a PE ratio of 132.93, a P/E/G ratio of 4.81 and a beta of 0.79. Manchester United has a 52 week low of $18.12 and a 52 week high of $27.70. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82.
Manchester United (NYSE:MANU) last issued its quarterly earnings data on Thursday, November 15th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The firm had revenue of $175.92 million during the quarter, compared to the consensus estimate of $170.12 million. Manchester United had a positive return on equity of 3.43% and a negative net margin of 6.61%. On average, equities research analysts predict that Manchester United will post 0.17 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, November 30th will be issued a $0.09 dividend. The ex-dividend date is Thursday, November 29th. Manchester United’s dividend payout ratio is presently 128.57%.
Several hedge funds have recently added to or reduced their stakes in MANU. Lindsell Train Ltd grew its holdings in shares of Manchester United by 31.4% in the third quarter. Lindsell Train Ltd now owns 10,650,116 shares of the company’s stock valued at $239,628,000 after acquiring an additional 2,547,345 shares in the last quarter. Federated Investors Inc. PA bought a new position in shares of Manchester United in the second quarter valued at approximately $865,000. Renaissance Technologies LLC grew its holdings in shares of Manchester United by 7.4% in the third quarter. Renaissance Technologies LLC now owns 586,301 shares of the company’s stock valued at $13,192,000 after acquiring an additional 40,301 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Manchester United in the third quarter valued at approximately $606,000. Finally, Millennium Management LLC bought a new position in shares of Manchester United in the first quarter valued at approximately $317,000. 84.66% of the stock is owned by institutional investors.
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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