Analysts Set Monro Inc (NASDAQ:MNRO) Price Target at $83.95

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Monro Inc (NASDAQ:MNRO) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $84.63.

MNRO has been the topic of several analyst reports. CL King reiterated a “hold” rating on shares of Monro in a research note on Wednesday, May 22nd. BidaskClub cut Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Zacks Investment Research cut Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. SunTrust Banks restated a “buy” rating and issued a $20.00 price target on shares of ANGI Homeservices in a research note on Wednesday, May 22nd. Finally, Oppenheimer set a $13.00 price target on ArQule and gave the company a “buy” rating in a research note on Thursday.

Shares of NASDAQ MNRO traded up $0.61 during mid-day trading on Friday, hitting $83.35. The company had a trading volume of 274,588 shares, compared to its average volume of 313,106. The stock has a market cap of $2.75 billion, a P/E ratio of 35.02, a PEG ratio of 2.39 and a beta of 0.78. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Monro has a 1-year low of $60.78 and a 1-year high of $89.72. The business’s 50-day moving average price is $85.13.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $287.20 million for the quarter, compared to analysts’ expectations of $292.07 million. Monro had a return on equity of 12.10% and a net margin of 6.64%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. As a group, analysts expect that Monro will post 2.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Monro’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.06%. Monro’s dividend payout ratio (DPR) is currently 36.97%.

A number of institutional investors have recently bought and sold shares of MNRO. BlackRock Inc. grew its holdings in shares of Monro by 2.1% during the fourth quarter. BlackRock Inc. now owns 4,709,292 shares of the auto parts company’s stock worth $323,765,000 after purchasing an additional 96,891 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Monro by 1.6% during the first quarter. Wasatch Advisors Inc. now owns 3,110,173 shares of the auto parts company’s stock worth $269,092,000 after purchasing an additional 49,109 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Monro by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,999,624 shares of the auto parts company’s stock worth $173,007,000 after purchasing an additional 6,862 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Monro by 20.2% during the first quarter. TimesSquare Capital Management LLC now owns 704,149 shares of the auto parts company’s stock worth $60,923,000 after purchasing an additional 118,300 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Monro by 6.0% during the first quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock worth $49,762,000 after purchasing an additional 32,522 shares during the last quarter.

Monro Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

Further Reading: What Factors Can Affect Return on Equity?

Analyst Recommendations for Monro (NASDAQ:MNRO)

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