Metro (TSE:MRU) Upgraded by TD Securities to “Buy”

TD Securities upgraded shares of Metro (TSE:MRU) from a hold rating to a buy rating in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has C$92.00 price objective on the stock, up from their prior price objective of C$80.00.

Several other equities research analysts also recently weighed in on MRU. CIBC boosted their target price on shares of Metro from C$76.00 to C$77.00 and gave the stock a neutral rating in a research report on Thursday, April 25th. National Bankshares upped their price objective on Metro from C$80.00 to C$82.00 and gave the company a sector perform rating in a research note on Thursday, April 25th. Desjardins lifted their target price on Metro from C$74.00 to C$75.00 and gave the stock a hold rating in a research report on Thursday, April 25th. Scotiabank lowered their price objective on shares of Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a research report on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on Metro from C$82.00 to C$84.00 in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$79.86.

Metro Trading Up 0.3 %

Shares of MRU opened at C$82.32 on Monday. The company has a debt-to-equity ratio of 64.39, a quick ratio of 0.41 and a current ratio of 1.12. Metro has a one year low of C$65.43 and a one year high of C$83.16. The stock has a 50-day moving average price of C$76.29 and a 200 day moving average price of C$73.13. The company has a market capitalization of C$18.58 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.12 and a beta of 0.05.

Metro (TSE:MRU) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.91. The business had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a net margin of 4.64% and a return on equity of 14.55%. Sell-side analysts forecast that Metro will post 4.2740275 EPS for the current fiscal year.

Metro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, June 4th were given a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.34 dividend on an annualized basis and a yield of 1.63%. Metro’s dividend payout ratio (DPR) is 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.