Monro (MNRO) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Monro (NASDAQ:MNRO) from a sell rating to a hold rating in a report issued on Wednesday.

According to Zacks, “Monro Muffler Brake, Inc. is a chain of 1,118 Company-operated stores, 114 franchised locations, five wholesale locations, two retread facilities and 14 dealer-operated stores providing automotive undercar repair and tire sales and services. Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Speedy Auto Service by Monro, Kimmel Tires – Auto Service and Tread Quarters Discount Tires. Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of new construction stores. “

Other research analysts also recently issued research reports about the company. TheStreet raised Monro from a c+ rating to a b- rating in a report on Thursday, December 21st. Jefferies Group reaffirmed a buy rating and set a $60.00 target price on shares of Monro in a report on Tuesday, September 12th. Oppenheimer set a $70.00 target price on Monro and gave the stock a buy rating in a report on Tuesday, October 24th. BidaskClub raised Monro from a sell rating to a hold rating in a report on Thursday, December 7th. Finally, KeyCorp reaffirmed a hold rating on shares of Monro in a report on Tuesday, October 24th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $63.33.

Monro (NASDAQ MNRO) opened at $57.45 on Wednesday. The company has a market capitalization of $1,918.80, a PE ratio of 30.72, a P/E/G ratio of 2.15 and a beta of 0.67. Monro has a 1-year low of $39.65 and a 1-year high of $61.10. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $278.02 million during the quarter, compared to the consensus estimate of $277.06 million. Monro had a return on equity of 10.82% and a net margin of 5.66%. Monro’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. equities analysts forecast that Monro will post 2.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Monday, December 11th. This is an increase from Monro’s previous quarterly dividend of $0.11. Monro’s dividend payout ratio (DPR) is currently 38.50%.

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Monro by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares during the last quarter. Capital Analysts LLC raised its position in shares of Monro by 18.5% during the 2nd quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 665 shares during the period. Stephens Inc. AR raised its position in shares of Monro by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 45 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Monro by 29.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock worth $238,000 after purchasing an additional 1,313 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Monro by 48.9% during the 2nd quarter. D.A. Davidson & CO. now owns 6,652 shares of the auto parts company’s stock worth $277,000 after purchasing an additional 2,184 shares during the period.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/28/monro-mnro-upgraded-to-hold-by-zacks-investment-research.html.

Monro Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro (NASDAQ:MNRO)

What are top analysts saying about Monro? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Monro and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit