Analysts’ Weekly Ratings Changes for Metro (MRU)

A number of research firms have changed their ratings and price targets for Metro (TSE: MRU):

• 4/25/2024 – Metro had its price target raised by analysts at National Bankshares, Inc. from C$80.00 to C$82.00. They now have a “sector perform” rating on the stock.
• 4/25/2024 – Metro had its price target raised by analysts at CIBC from C$76.00 to C$77.00. They now have a “neutral” rating on the stock.
• 4/25/2024 – Metro had its price target raised by analysts at Desjardins from C$74.00 to C$75.00. They now have a “hold” rating on the stock.
• 4/25/2024 – Metro had its price target raised by analysts at TD Securities from C$78.00 to C$80.00.
• 4/22/2024 – Metro had its price target lowered by analysts at Scotiabank from C$74.50 to C$74.00. They now have a “sector perform” rating on the stock.

Metro Trading Up 1.8 %

Shares of MRU traded up C$1.28 during trading hours on Thursday, reaching C$71.54. 404,437 shares of the company traded hands, compared to its average volume of 431,847. The company’s fifty day moving average price is C$72.15 and its two-hundred day moving average price is C$70.57. The company has a market capitalization of C$16.24 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. Metro Inc. has a 12 month low of C$65.43 and a 12 month high of C$78.88.

Metro (TSE:MRU) last announced its earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.91. Metro had a net margin of 4.81% and a return on equity of 15.00%. The firm had revenue of C$4.66 billion for the quarter, compared to analyst estimates of C$4.63 billion. Equities research analysts predict that Metro Inc. will post 4.2576393 earnings per share for the current fiscal year.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.335 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.34 dividend on an annualized basis and a yield of 1.87%. Metro’s dividend payout ratio (DPR) is currently 30.66%.

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.