Monro (NASDAQ:MNRO) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.
A number of other brokerages also recently issued reports on MNRO. Goldman Sachs Group upgraded shares of Monro from a “neutral” rating to a “buy” rating in a report on Friday, July 13th. Zacks Investment Research upgraded shares of Monro from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Northcoast Research reiterated a “neutral” rating on shares of Monro in a report on Thursday, September 13th. Guggenheim set a $67.00 price target on shares of Monro and gave the company a “buy” rating in a report on Friday, July 13th. Finally, ValuEngine upgraded shares of Monro from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $70.67.
Shares of MNRO stock opened at $74.40 on Tuesday. The firm has a market cap of $2.49 billion, a PE ratio of 35.77, a PEG ratio of 4.52 and a beta of 0.83. Monro has a one year low of $45.45 and a one year high of $78.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.33 and a current ratio of 1.11.
Several institutional investors have recently bought and sold shares of MNRO. CenterStar Asset Management LLC bought a new stake in shares of Monro in the 2nd quarter worth about $101,000. Kessler Investment Group LLC bought a new stake in shares of Monro in the 2nd quarter worth about $132,000. PEAK6 Investments L.P. increased its holdings in shares of Monro by 979.0% in the 2nd quarter. PEAK6 Investments L.P. now owns 3,516 shares of the auto parts company’s stock worth $204,000 after buying an additional 3,916 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Monro by 72.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the auto parts company’s stock worth $345,000 after buying an additional 2,700 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Monro in the 2nd quarter worth about $404,000.
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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