Monro (NASDAQ:MNRO – Get a rating) had its price target reduced by equity research analysts at BMO Capital Markets from $65.00 to $47.00 in a research note released on Friday, Fly reports. The BMO Capital Markets target price indicates a potential upside of 18.09% from the current share price.
The MNRO has been the subject of several other reports. Zacks Investment Research downgraded Monro from a “hold” rating to a “sell” rating in a Wednesday, March 30, report. StockNews.com upgraded Monro from a “hold” rating to a “buy” rating in a Thursday, May 12, report. Finally, TheStreet downgraded Monro from a “b-” rating to a “c” rating in a Monday, January 31, report.
MNRO shares opened at $39.80 on Friday. The stock has a fifty-day moving average of $45.09 and a 200-day moving average of $51.26. Monro has a 52-week low of $38.78 and a 52-week high of $65.75. The company has a market capitalization of $1.34 billion, a price/earnings ratio of 20.84, a PEG ratio of 1.23 and a beta of 1.03. The company has a quick ratio of 0.26, a current ratio of 0.80 and a debt ratio of 0.71.
Monro (NASDAQ:MNRO – Get a rating) last reported quarterly earnings data on Thursday, May 19. The auto parts company reported EPS of $0.20 for the quarter, missing the consensus estimate of $0.46 per ($0.26). The company posted revenue of $328.00 million for the quarter, compared to $328.18 million expected by analysts. Monro had a net margin of 4.84% and a return on equity of 9.04%. The company’s quarterly revenue increased by 7.4% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $0.38. Equity research analysts expect Monro to post earnings per share of 2.13 for the current year.
Major investors have recently changed their positions in the company. BlackRock Inc. increased its position in Monro shares by 1.0% during the 1st quarter. BlackRock Inc. now owns 5,268,641 shares of the auto parts company valued at $233,612,000 after buying an additional 50,712 shares last quarter. Vanguard Group Inc. increased its position in Monro shares by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,674,537 shares of the auto parts company valued at $162,929,000 after buying an additional 19,181 shares last quarter. Westwood Holdings Group Inc. increased its position in Monro shares by 29.6% in Q1. Westwood Holdings Group Inc. now owns 1,456,471 shares of the auto parts company valued at $64,580,000 after buying 332,889 additional shares last quarter. Wellington Management Group LLP increased its position in Monro shares by 35.5% in Q1. Wellington Management Group LLP now owns 1,094,229 shares of the auto parts company valued at $48,519,000 after buying an additional 286,762 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Monro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,083,587 shares of the auto parts company worth $48,048,000 after buying an additional 107,669 shares in the last quarter.
About Monro (Get a rating)
Monro, Inc provides automotive undercarriage repairs and tire sales and service in the United States. It offers replacement tires and tire-related services; routine maintenance services on passenger cars, light trucks and vans; brake products and services; mufflers and exhaust systems; and steering, transmission, suspension and wheel alignment.
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