Weekly Investment Analysts’ Ratings Changes for Manchester United (MANU)

Several analysts have recently updated their ratings and price targets for Manchester United (NYSE: MANU):

3/1/2019 – Manchester United was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “ 2/21/2019 – Manchester United was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “ 2/20/2019 – Manchester United was given a new $20.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock. 2/19/2019 – Manchester United was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “ 2/7/2019 – Manchester United was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “ 1/17/2019 – Manchester United was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “

NYSE:MANU opened at $20.03 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $806.71 million, a PE ratio of 143.07, a PEG ratio of 4.84 and a beta of 0.59. Manchester United PLC has a 1-year low of $16.91 and a 1-year high of $27.70.

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Manchester United (NYSE:MANU) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $208.60 million during the quarter, compared to analyst estimates of $197.27 million. Manchester United had a net margin of 2.53% and a return on equity of 10.14%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. Research analysts anticipate that Manchester United PLC will post 0.2 earnings per share for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, April 26th will be given a $0.09 dividend. The ex-dividend date is Thursday, April 25th. Manchester United’s dividend payout ratio is presently 128.57%.

Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Manchester United by 443.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock valued at $32,000 after buying an additional 1,376 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Manchester United in the fourth quarter valued at approximately $37,000. Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Manchester United in the fourth quarter valued at approximately $238,000. JPMorgan Chase & Co. raised its position in shares of Manchester United by 34,225.0% in the third quarter. JPMorgan Chase & Co. now owns 13,730 shares of the company’s stock valued at $309,000 after buying an additional 13,690 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Manchester United in the third quarter valued at approximately $345,000. 87.31% of the stock is owned by institutional investors and hedge funds.

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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