Metro (TSE:MRU) PT Raised to C$75.00 at Desjardins

Metro (TSE:MRU) had its target price hoisted by investment analysts at Desjardins from C$74.00 to C$75.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price indicates a potential upside of 5.75% from the company’s previous close. Desjardins also issued estimates for Metro’s Q2 2024 earnings at $0.88 EPS, Q3 2024 earnings at $1.39 EPS, Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $4.28 EPS and FY2025 earnings at $4.70 EPS.

A number of other brokerages also recently weighed in on MRU. TD Securities boosted their target price on Metro from C$78.00 to C$80.00 in a research note on Thursday. BMO Capital Markets boosted their target price on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. National Bankshares boosted their target price on Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a research note on Thursday. Scotiabank cut their target price on Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Royal Bank of Canada dropped their price objective on Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$77.86.

Metro Stock Performance

Shares of MRU opened at C$70.92 on Thursday. The company has a debt-to-equity ratio of 65.71, a quick ratio of 0.41 and a current ratio of 1.16. The stock has a 50 day moving average price of C$72.19 and a two-hundred day moving average price of C$70.61. The firm has a market capitalization of C$16.10 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.12 and a beta of 0.04. Metro has a 52 week low of C$65.43 and a 52 week 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, hitting analysts’ consensus estimates of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The firm had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Equities analysts forecast that Metro will post 4.2576393 earnings per share for the current fiscal year.

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.