Monro (NASDAQ:MNRO) had its price target upped by SunTrust Banks from $58.00 to $60.00 in a research report report published on Thursday, BenzingaRatingsTable reports. SunTrust Banks currently has a hold rating on the auto parts company’s stock.
Several other analysts have also recently commented on the stock. Oppenheimer reiterated a hold rating on shares of Monro in a research note on Wednesday, June 17th. Guggenheim lowered Monro from a buy rating to a neutral rating in a research report on Friday, May 29th. BidaskClub upgraded Monro from a sell rating to a hold rating in a research report on Saturday, July 11th. BMO Capital Markets cut their price objective on Monro from $71.00 to $41.00 and set a market perform rating for the company in a research report on Monday, April 6th. Finally, ValuEngine upgraded Monro from a hold rating to a buy rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $69.20.
NASDAQ MNRO traded down $1.28 on Thursday, reaching $56.30. 373,039 shares of the stock were exchanged, compared to its average volume of 298,776. Monro has a one year low of $37.09 and a one year high of $87.60. The firm has a market capitalization of $1.87 billion, a PE ratio of 49.82, a PEG ratio of 3.55 and a beta of 1.14. The company’s 50-day simple moving average is $57.24 and its two-hundred day simple moving average is $56.30. The company has a current ratio of 1.35, a quick ratio of 1.60 and a debt-to-equity ratio of 1.17.
Monro (NASDAQ:MNRO) last released its earnings results on Wednesday, July 29th. The auto parts company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.37. Monro had a net margin of 3.24% and a return on equity of 6.57%. The company had revenue of $247.06 million for the quarter, compared to analysts’ expectations of $246.86 million. During the same quarter last year, the business earned $0.69 EPS. The firm’s revenue was down 22.1% compared to the same quarter last year. Sell-side analysts forecast that Monro will post 1.07 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Comerica Bank lifted its holdings in shares of Monro by 9.1% in the 2nd quarter. Comerica Bank now owns 37,292 shares of the auto parts company’s stock valued at $2,288,000 after acquiring an additional 3,096 shares during the last quarter. UBS Group AG lifted its holdings in shares of Monro by 374.6% in the 2nd quarter. UBS Group AG now owns 15,177 shares of the auto parts company’s stock valued at $834,000 after acquiring an additional 11,979 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Monro by 0.3% in the 2nd quarter. Copeland Capital Management LLC now owns 471,195 shares of the auto parts company’s stock valued at $25,888,000 after acquiring an additional 1,340 shares during the last quarter. Duality Advisers LP bought a new position in shares of Monro in the 2nd quarter valued at about $1,459,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Monro by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,340 shares of the auto parts company’s stock valued at $183,000 after acquiring an additional 622 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.
Featured Article: What is dividend yield?
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.