Monro (NASDAQ:MNRO) Upgraded to Buy at ValuEngine

Monro (NASDAQ:MNRO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday, ValuEngine reports.

MNRO has been the topic of several other reports. BidaskClub lowered shares of Monro from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. BMO Capital Markets reduced their target price on shares of Monro from $90.00 to $78.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Zacks Investment Research lowered shares of Monro from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, SunTrust Banks reduced their target price on shares of Monro to $75.00 and set a “positive” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Monro currently has an average rating of “Hold” and an average target price of $81.98.

Shares of MNRO stock traded up $1.28 during trading hours on Thursday, hitting $73.51. The company had a trading volume of 199,200 shares, compared to its average volume of 315,772. The company’s fifty day moving average is $74.24 and its 200 day moving average is $79.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.30. Monro has a fifty-two week low of $60.78 and a fifty-two week high of $89.72. The stock has a market capitalization of $2.41 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.25 and a beta of 0.73.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.11). Monro had a return on equity of 11.41% and a net margin of 6.48%. The company had revenue of $324.11 million during the quarter, compared to analyst estimates of $330.07 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Monro will post 2.48 earnings per share for the current year.

In other Monro news, Director Peter J. Solomon sold 5,604 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $72.89, for a total transaction of $408,475.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 13,104 shares of company stock worth $941,046. 4.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Monro by 4.0% during the 2nd quarter. BlackRock Inc. now owns 4,878,294 shares of the auto parts company’s stock worth $416,119,000 after buying an additional 189,012 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Monro by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,601,276 shares of the auto parts company’s stock valued at $307,189,000 after purchasing an additional 52,983 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Monro by 3.1% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,207,556 shares of the auto parts company’s stock valued at $273,605,000 after purchasing an additional 97,383 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Monro by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 590,844 shares of the auto parts company’s stock valued at $50,399,000 after purchasing an additional 18,992 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Monro by 6.0% in the 1st quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock valued at $49,762,000 after purchasing an additional 32,522 shares in the last quarter.

About Monro

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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Analyst Recommendations for Monro (NASDAQ:MNRO)

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