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

Metro (TSE:MRU) had its target price raised by equities researchers 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’ price target would suggest a potential upside of 5.75% from the stock’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.

Other research analysts have also issued research reports about the stock. Scotiabank lowered their price target on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada cut their price target on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 31st. National Bankshares boosted their price objective on Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets upped their price target on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Finally, TD Securities increased their price target on shares of Metro from C$78.00 to C$80.00 in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$77.86.

Metro Stock Down 0.0 %

Metro stock opened at C$70.92 on Thursday. The stock has a market capitalization of C$16.10 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. Metro has a twelve month low of C$65.43 and a twelve month high of C$78.88. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The company has a 50 day moving average of C$72.19 and a 200-day moving average of C$70.61.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, meeting the consensus estimate of C$0.91. The company had revenue of C$4.66 billion for the quarter, compared to analyst estimates of C$4.63 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. On average, equities research analysts anticipate that Metro will post 4.2576393 EPS for the current fiscal year.

About Metro

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.