Metro (TSE:MRU) Hits New 52-Week High at $76.51

Metro Inc. (TSE:MRU) shares hit a new 52-week high on Friday . The stock traded as high as C$76.51 and last traded at C$76.39, with a volume of 76780 shares changing hands. The stock had previously closed at C$76.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. National Bankshares raised their price target on shares of Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Desjardins raised their price target on shares of Metro from C$74.00 to C$75.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Scotiabank reduced 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 research report on Monday, April 22nd. TD Securities raised their price target on shares of Metro from C$78.00 to C$80.00 in a research report on Thursday, April 25th. Finally, CIBC raised their price target on shares of Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$77.86.

Metro Stock Down 0.3 %

The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 64.39. The company’s fifty day moving average is C$73.46 and its 200-day moving average is C$71.56. The company has a market cap of C$17.10 billion, a PE ratio of 17.75, a PEG ratio of 2.12 and a beta of 0.05.

Metro (TSE:MRU) last issued its earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.91. Metro had a net margin of 4.64% and a return on equity of 14.55%. The company had revenue of C$4.66 billion for the quarter, compared to analysts’ expectations of C$4.63 billion. On average, analysts predict that Metro Inc. will post 4.2740275 EPS for the current year.

Metro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, May 14th. Metro’s dividend payout ratio is presently 31.38%.

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.