CIBC reissued their market perform rating on shares of Monro (NASDAQ:MNRO) in a research report report published on Thursday, FirstToMarketsRatingsTable reports.
A number of other analysts have also recently issued reports on MNRO. CL King reissued a hold rating on shares of Monro in a research note on Wednesday, May 22nd. Zacks Investment Research cut shares of Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. Guggenheim increased their price objective on shares of Twitter from $33.00 to $41.00 and gave the stock a buy rating in a research note on Thursday, April 4th. BidaskClub cut shares of Waterstone Financial from a hold rating to a sell rating in a research note on Friday, June 21st. Finally, Oppenheimer set a $13.00 price objective on shares of ArQule and gave the stock a buy rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $85.97.
Shares of MNRO stock opened at $83.35 on Thursday. Monro has a 12 month low of $60.78 and a 12 month high of $89.72. The stock has a market capitalization of $2.77 billion, a PE ratio of 35.02, a P/E/G ratio of 2.40 and a beta of 0.78. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 0.54. The firm’s 50 day simple moving average is $85.13.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders 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 dividend yield of 1.06%. Monro’s dividend payout ratio is 36.97%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Monro by 55.5% in the first quarter. Huntington National Bank now owns 1,564 shares of the auto parts company’s stock worth $135,000 after purchasing an additional 558 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in Monro during the second quarter valued at $160,000. PNC Financial Services Group Inc. lifted its position in Monro by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 273 shares during the last quarter. Virtu Financial LLC bought a new position in Monro during the first quarter valued at $218,000. Finally, Zions Bancorporation N.A. bought a new position in Monro during the first quarter valued at $248,000.
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: Fundamental Analysis – How It Helps Investors
Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.