Metro (TSE:MRU) Stock Passes Above 50-Day Moving Average – What’s Next?

Metro Inc. (TSE:MRU)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$90.42 and traded as high as C$90.79. Metro shares last traded at C$90.07, with a volume of 398,615 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Scotia lowered their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. BMO Capital Markets decreased their price objective on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce lowered their price objective on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Scotiabank cut Metro from an “outperform” rating to a “hold” rating and set a C$103.00 target price on the stock. in a research note on Thursday, April 9th. Finally, Desjardins cut their target price on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Metro presently has a consensus rating of “Hold” and a consensus price target of C$103.62.

Metro Price Performance

The company has a market cap of C$19.00 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 4.06 and a beta of 0.16. The business has a 50 day moving average of C$90.42 and a 200 day moving average of C$94.01. The company has a debt-to-equity ratio of 69.30, a current ratio of 1.43 and a quick ratio of 0.41.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. The business had revenue of C$5.11 billion for the quarter. As a group, research analysts predict that Metro Inc. will post 4.8188614 EPS for the current year.

Metro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, June 2nd were issued a dividend of $0.4075 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.8%. Metro’s dividend payout ratio is 32.36%.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.