Metro Inc. (TSE:MRU – Get Free Report) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$102.38.
A number of equities research analysts have recently commented on the company. Desjardins cut their target price on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce lowered their price target on Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Scotiabank cut shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price target on the stock. in a research note on Thursday, April 9th. National Bank Financial set a C$105.00 price objective on shares of Metro and gave the company a “sector perform” rating in a research report on Tuesday, June 30th. Finally, Scotia reduced their price objective on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd.
Get Our Latest Analysis on Metro
Metro Price Performance
Metro (TSE:MRU – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. The firm had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%. Analysts expect that Metro will post 4.8188614 EPS for the current fiscal year.
Metro Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, May 13th. Metro’s dividend payout ratio (DPR) is currently 32.36%.
Metro Company Profile
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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