Monro (NASDAQ:MNRO - Get Free Report) had its target price dropped by equities researchers at Wells Fargo & Company from $20.00 to $15.00 in a research report issued on Monday, MarketBeat reports. The brokerage presently has an "equal weight" rating on the auto parts company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 5.41% from the stock's previous close.
A number of other equities analysts have also issued reports on the stock. Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Friday, April 4th. Wedbush lowered their price target on shares of Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st.
View Our Latest Research Report on MNRO
Monro Stock Up 0.6 %
MNRO stock traded up $0.09 on Monday, hitting $14.23. 512,911 shares of the company's stock were exchanged, compared to its average volume of 679,292. Monro has a 12-month low of $13.50 and a 12-month high of $31.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The stock has a market cap of $426.17 million, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The firm has a 50 day moving average price of $15.58 and a two-hundred day moving average price of $21.49.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Monro during the 4th quarter valued at about $3,327,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Monro in the fourth quarter valued at approximately $1,207,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Monro by 51.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 92,558 shares of the auto parts company's stock worth $2,295,000 after buying an additional 31,340 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Monro by 68.3% during the 4th quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock valued at $3,787,000 after buying an additional 61,988 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Monro in the 4th quarter valued at $28,899,000.
About Monro
(
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Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
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