Metro Inc. (TSE:MRU) Receives Consensus Rating of “Hold” from Analysts

Shares of Metro Inc. (TSE:MRU) have been given an average rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$102.38.

A number of equities analysts recently weighed in on the company. Scotiabank cut Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price target for the company. in a report on Thursday, April 9th. BMO Capital Markets lowered Metro from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$105.00 to C$95.00 in a report on Monday. Canadian Imperial Bank of Commerce cut their price objective on Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Desjardins reduced their target price on Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, National Bank Financial set a C$105.00 target price on Metro and gave the company a “sector perform” rating in a research report on Tuesday, June 30th.

Metro Stock Performance

MRU opened at C$92.67 on Friday. The company has a debt-to-equity ratio of 69.30, a current ratio of 1.43 and a quick ratio of 0.41. The firm has a fifty day moving average price of C$91.16 and a 200 day moving average price of C$93.63. Metro has a 1 year low of C$86.63 and a 1 year high of C$107.78. The stock has a market cap of C$19.55 billion, a P/E ratio of 19.76, a P/E/G ratio of 4.06 and a beta of 0.16.

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

Metro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, June 2nd were given 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 yield of 1.8%. Metro’s dividend payout ratio is currently 32.36%.

About Metro

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.