Metro (TSE:MRU) Upgraded at TD Securities

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

MRU has been the topic of a number of other reports. Scotiabank dropped their price target on Metro from C$74.50 to C$74.00 and set a sector perform rating on the stock in a research report on Monday, April 22nd. Desjardins raised their price target on Metro from C$74.00 to C$75.00 and gave the company a hold rating in a report on Thursday, April 25th. CIBC upped their price target on shares of Metro from C$76.00 to C$77.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Royal Bank of Canada increased their price objective on shares of Metro from C$82.00 to C$84.00 in a research report on Friday, July 12th. Finally, National Bankshares lifted their target price on shares of Metro from C$80.00 to C$82.00 and gave the stock a sector perform rating in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Metro has an average rating of Hold and a consensus target price of C$79.86.

Metro Stock Up 0.1 %

Shares of TSE MRU opened at C$82.09 on Monday. The firm’s fifty day moving average is C$76.14 and its 200 day moving average is C$73.06. Metro has a 52 week low of C$65.43 and a 52 week high of C$83.16. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 64.39. The company has a market cap of C$18.52 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.12 and a beta of 0.05.

Metro (TSE:MRU) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.91. The company had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 14.55% and a net margin of 4.64%. On average, equities research analysts expect that Metro will post 4.2740275 earnings per share for the current year.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, June 4th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, May 14th. Metro’s payout ratio is currently 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.