Metro (TSE:MRU) Hits New 12-Month Low - Time to Sell?

Key Points

• Metro shares fell to a new 52-week low of C$87.00 during Monday trading, below the previous close of C$88.05.
• Analysts remain cautious, with an overall “Hold” rating and a consensus price target of C$102.33. Recent target changes ranged from C$96 to C$110, while TD Securities upgraded the stock to “Strong Buy.”
• Metro reported quarterly EPS of C$1.24 on C$6.97 billion in revenue, with a 4.00% net margin and 12.87% return on equity; analysts expect approximately C$4.82 in EPS for the current fiscal year.

Metro Inc. (TSE:MRU - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$87.00 and last traded at C$87.06, with a volume of 346116 shares traded. The stock had previously closed at C$88.05.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MRU shares. Royal Bank Of Canada dropped their price objective on shares of Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a report on Thursday. Scotia decreased their target price on shares of Metro from C$103.00 to C$96.00 and set a "sector perform" rating for the company in a research report on Thursday, April 23rd. TD Securities raised Metro to a "strong-buy" rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reduced their price objective on Metro from C$101.00 to C$97.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Finally, TD boosted their price objective on Metro from C$106.00 to C$108.00 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$102.33.

Metro Stock Performance

The company has a debt-to-equity ratio of 71.09, a quick ratio of 0.41 and a current ratio of 1.43. The firm's 50 day moving average is C$92.15 and its 200-day moving average is C$92.77. The stock has a market capitalization of C$18.27 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 4.06 and a beta of 0.18.

Metro (TSE:MRU - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. Metro had a net margin of 4.00% and a return on equity of 12.87%. The company had revenue of C$6.97 billion for the quarter. Analysts forecast that Metro Inc. will post 4.8188614 earnings per share for the current fiscal year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

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