Metro Inc. (TSE:MRU) Given Average Rating of “Hold” by Brokerages

Metro Inc. (TSE:MRU) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$77.86.

A number of research analysts have issued reports on MRU shares. Desjardins raised their price target on shares of Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. CIBC boosted their price target on shares of Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. TD Securities increased their target price on Metro from C$78.00 to C$80.00 in a report on Thursday, April 25th. Royal Bank of Canada dropped their target price on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their target price on Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st.

Metro Price Performance

MRU stock opened at C$73.27 on Thursday. The stock has a market cap of C$16.53 billion, a PE ratio of 17.16, a P/E/G ratio of 2.12 and a beta of 0.04. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88. The company has a 50-day moving average price of C$72.04 and a 200 day moving average price of C$70.62. 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 (TSE:MRU) last issued its earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, hitting analysts’ consensus estimates of C$0.91. The business had revenue of C$4.66 billion for the quarter, compared to analyst estimates of C$4.63 billion. Metro had a net margin of 4.64% and a return on equity of 14.55%. Equities research analysts anticipate that Metro will post 4.2672566 earnings per share for the current year.

Metro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, June 4th will be paid a $0.335 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.83%. Metro’s dividend payout ratio (DPR) is presently 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.