Somewhat Favorable News Coverage Somewhat Unlikely to Impact Michaels Companies (MIK) Share Price
News articles about Michaels Companies (NASDAQ:MIK) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Michaels Companies earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.1031848300621 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- ghSMART Appoints Mike Peel As Senior Advisor And Founding Member Of Chairman’s Council (bizjournals.com)
- SailPoint Technologies Holdings, Inc. (SAIL) Appoints Michael J. Sullivan to Board (streetinsider.com)
- FitPay Founder & COO Michael Orlando Joins Bank Innovation 2018 (bankinnovation.net)
- Michael Foods CEO Jim Dwyer picked to lead new unit for Post Holdings, CFO promoted to president (bizjournals.com)
- Michaels Companies Inc (MIK) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Shares of Michaels Companies (NASDAQ MIK) traded down $0.37 on Wednesday, reaching $24.43. The company’s stock had a trading volume of 1,800,631 shares, compared to its average volume of 2,050,000. The company has a market cap of $4,430.00, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.25. Michaels Companies has a 52-week low of $17.25 and a 52-week high of $26.05.
A number of research firms recently commented on MIK. Goldman Sachs Group upgraded Michaels Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday. BidaskClub lowered Michaels Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine lowered Michaels Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Deutsche Bank lowered Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Tuesday, December 12th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Michaels Companies in a research report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Michaels Companies presently has an average rating of “Hold” and an average target price of $23.63.
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About Michaels Companies
The Michaels Companies, Inc (Michaels) is an arts and crafts specialty retailer in North America. The Company’s segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.
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