Shares of Metro Inc. (TSE:MRU – Get Rating) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have covered the stock in the last year is C$77.78.
Several research firms have commented on MRU. CIBC raised their target price on shares of Metro from C$76.00 to C$77.00 in a research note on Thursday, April 20th. BMO Capital Markets lowered Metro from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$82.00 to C$78.00 in a research note on Wednesday, February 1st. TD Securities increased their price objective on shares of Metro from C$77.00 to C$80.00 and gave the stock a “hold” rating in a report on Thursday, April 20th. Royal Bank of Canada lifted their target price on shares of Metro from C$70.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Thursday, January 19th. Finally, National Bankshares upped their price target on shares of Metro from C$80.00 to C$81.00 and gave the company a “sector perform” rating in a report on Tuesday, April 4th.
Metro Price Performance
Metro stock opened at C$77.86 on Friday. Metro has a 12-month low of C$65.30 and a 12-month high of C$78.90. The company has a current ratio of 1.22, a quick ratio of 0.41 and a debt-to-equity ratio of 65.25. The stock has a market cap of C$18.12 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.86 and a beta of 0.02. The company has a fifty day simple moving average of C$73.99 and a 200-day simple moving average of C$73.95.
Metro (TSE:MRU – Get Rating) last issued its earnings results on Wednesday, April 19th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.95 by C$0.01. The company had revenue of C$4.55 billion during the quarter, compared to the consensus estimate of C$4.56 billion. Metro had a return on equity of 13.57% and a net margin of 4.56%. Equities analysts expect that Metro will post 4.3667233 EPS for the current fiscal year.
Metro Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 30th will be given a dividend of $0.303 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $1.21 annualized dividend and a dividend yield of 1.56%. Metro’s dividend payout ratio is presently 32.53%.
Metro Company Profile
Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.