Monro Inc (MNRO) Receives $86.45 Consensus PT from Analysts
Monro Inc (NASDAQ:MNRO) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $86.45.
MNRO has been the subject of a number of recent research reports. BidaskClub downgraded Monro from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Zacks Investment Research upgraded Monro from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, February 5th. Finally, Guggenheim downgraded Monro from a “buy” rating to a “neutral” rating and set a $82.89 price target for the company. in a research note on Thursday, April 4th. They noted that the move was a valuation call.
In related news, Director Donald Glickman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $78.16, for a total transaction of $781,600.00. Following the completion of the transaction, the director now directly owns 181,078 shares in the company, valued at approximately $14,153,056.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.60% of the company’s stock.
Shares of Monro stock traded up $0.95 during trading hours on Friday, reaching $81.15. 16,779 shares of the stock traded hands, compared to its average volume of 256,168. The company has a market cap of $2.65 billion, a P/E ratio of 38.95, a P/E/G ratio of 2.41 and a beta of 0.75. Monro has a one year low of $51.45 and a one year high of $89.72. The company has a quick ratio of 0.30, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.
Monro Company Profile
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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