Media coverage about Milacron (NYSE:MCRN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Milacron earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.2124064769443 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Milacron (MCRN) traded up $0.11 on Friday, hitting $18.75. The stock had a trading volume of 292,623 shares, compared to its average volume of 341,873. The firm has a market cap of $1,293.92, a price-to-earnings ratio of -624.79, a price-to-earnings-growth ratio of 1.24 and a beta of 0.84. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41. Milacron has a one year low of $15.09 and a one year high of $19.57.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Milacron from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, January 22nd. TheStreet lowered Milacron from a “b” rating to a “c” rating in a research note on Friday, January 26th. BidaskClub lowered Milacron from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, KeyCorp restated a “buy” rating and set a $21.00 price objective on shares of Milacron in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.00.
In related news, Director Ira G. Boots sold 43,077 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $18.25, for a total value of $786,155.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total value of $175,585,488.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,127,448 shares of company stock valued at $178,428,227. Insiders own 3.40% of the company’s stock.
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Milacron Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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