Metro Inc. (TSE:MRU) Receives Consensus Rating of “Hold” from Analysts

Metro Inc. (TSE:MRU) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$77.86.

A number of brokerages recently weighed in on MRU. National Bankshares lifted their price objective 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 boosted their price target on shares of Metro from C$78.00 to C$80.00 in a research note on Thursday, April 25th. Scotiabank reduced their price objective on Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Desjardins boosted their target price 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. Finally, CIBC increased their price target on Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th.

Metro Trading Up 1.7 %

MRU opened at C$77.11 on Friday. Metro has a 52 week low of C$65.43 and a 52 week high of C$77.21. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 64.39. The business has a fifty day simple moving average of C$73.73 and a 200-day simple moving average of C$71.74. The firm has a market cap of C$17.40 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.12 and a beta of 0.05.

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

Metro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, June 4th were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, May 14th. Metro’s dividend payout ratio (DPR) is presently 31.38%.

About Metro

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.