Manchester United PLC (NYSE:MANU) has been given an average recommendation of “Hold” by the six research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.70.
Several analysts have recently weighed in on MANU shares. Jefferies Group decreased their price objective on Manchester United PLC from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 16th. Zacks Investment Research lowered Manchester United PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 18th.
Manchester United PLC (NYSE:MANU) opened at 15.86 on Wednesday. The stock’s 50 day moving average price is $16.86 and its 200-day moving average price is $16.27. Manchester United PLC has a one year low of $13.30 and a one year high of $19.74. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 56.44 and a beta of 0.43.
Manchester United PLC (NYSE:MANU) last announced its quarterly earnings data on Monday, September 12th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.50 by $6.43. Manchester United PLC had a return on equity of 8.39% and a net margin of 7.23%. The firm had revenue of $134.50 million for the quarter. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, equities research analysts anticipate that Manchester United PLC will post $5.40 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in Manchester United PLC by 100.4% in the first quarter. Goldman Sachs Group Inc. now owns 131,531 shares of the company’s stock worth $1,899,000 after buying an additional 65,899 shares in the last quarter. Lomas Capital Management LLC raised its position in Manchester United PLC by 7.5% in the second quarter. Lomas Capital Management LLC now owns 812,764 shares of the company’s stock worth $12,948,000 after buying an additional 56,357 shares in the last quarter. UBS Group AG raised its position in Manchester United PLC by 22.8% in the first quarter. UBS Group AG now owns 287,617 shares of the company’s stock worth $4,154,000 after buying an additional 53,402 shares in the last quarter. Chesapeake Asset Management LLC acquired a new position in Manchester United PLC during the second quarter worth approximately $452,000. Finally, Emerald Acquisition Ltd. acquired a new position in Manchester United PLC during the second quarter worth approximately $380,000. 72.10% of the stock is currently owned by institutional investors and hedge funds.