Metro Inc. (TSE:MRU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$79.06 and traded as high as C$84.05. Metro shares last traded at C$83.80, with a volume of 454,078 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on MRU shares. National Bankshares boosted their price objective on shares of Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. BMO Capital Markets raised their price target on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. TD Securities upgraded Metro from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$80.00 to C$92.00 in a research report on Monday, July 22nd. Desjardins increased their target price on Metro from C$75.00 to C$80.00 and gave the stock a "hold" rating in a research report on Tuesday, August 13th. Finally, Cfra boosted their price target on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Metro presently has an average rating of "Hold" and a consensus target price of C$84.25.
View Our Latest Report on MRU
Metro Stock Down 1.3 %
The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The company has a market capitalization of C$18.41 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The business has a 50-day moving average price of C$84.39 and a 200-day moving average price of C$79.06.
Metro (TSE:MRU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$1.35 EPS for the quarter, meeting the consensus estimate of C$1.35. Metro had a net margin of 4.36% and a return on equity of 13.74%. The business had revenue of C$6.65 billion during the quarter, compared to the consensus estimate of C$6.58 billion. As a group, equities analysts anticipate that Metro Inc. will post 4.8188614 earnings per share for the current fiscal year.
Metro Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, October 24th. Metro's dividend payout ratio is currently 32.76%.
About Metro
(
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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.
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