The Magnum Ice Cream Company N.V. (NYSE:MICC) Given Consensus Recommendation of “Hold” by Analysts

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) have earned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company.

Several research firms recently issued reports on MICC. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th.

Get Our Latest Research Report on MICC

Institutional Investors Weigh In On Magnum Ice Cream

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in shares of Magnum Ice Cream by 2.9% in the first quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company’s stock worth $612,000 after acquiring an additional 1,159 shares in the last quarter. Keybank National Association OH increased its position in shares of Magnum Ice Cream by 11.2% during the first quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock worth $206,000 after acquiring an additional 1,387 shares during the period. BNP Paribas acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at $27,000. Credit Industriel ET Commercial raised its stake in shares of Magnum Ice Cream by 144.4% in the first quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at $28,000.

Magnum Ice Cream Stock Performance

Magnum Ice Cream stock opened at $19.96 on Monday. 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 fifty-two week low of $12.94 and a fifty-two week high of $20.10. The firm has a 50 day moving average price of $18.37 and a 200 day moving average price of $16.59.

Magnum Ice Cream (NYSE:MICCGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion for the quarter. Analysts forecast that Magnum Ice Cream will post 1.1 EPS for the current fiscal year.

Magnum Ice Cream Company Profile

(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.

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Analyst Recommendations for Magnum Ice Cream (NYSE:MICC)

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