Metro Inc. (TSE:MRU) Receives Average Rating of “Hold” from Brokerages

Metro Inc. (TSE:MRU) has received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$77.86.

MRU has been the topic of several analyst reports. National Bankshares upped their price target on shares of Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. TD Securities upped their target price on Metro from C$78.00 to C$80.00 in a research note on Thursday, April 25th. Desjardins raised their price target on Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. CIBC increased their target price on Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Scotiabank lowered their target price on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd.

Metro Stock Up 1.7 %

Shares of TSE MRU opened at C$77.11 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 64.39. Metro has a 12-month low of C$65.43 and a 12-month high of C$77.21. The firm’s 50-day moving average price is C$73.73 and its 200-day moving average price is C$71.74. The stock has a market capitalization of C$17.40 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.12 and a beta of 0.05.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.91. The business had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 14.55% and a net margin of 4.64%. On average, equities research analysts anticipate that Metro will post 4.2740275 EPS for the current fiscal year.

Metro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, June 4th were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, May 14th. Metro’s dividend payout ratio is currently 31.38%.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.