Monro (NASDAQ:MNRO) Stock Rating Lowered by Oppenheimer

Monro (NASDAQ:MNRO) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Thursday, Marketbeat.com reports. They presently have a $86.00 target price on the auto parts company’s stock. Oppenheimer’s price objective points to a potential upside of 3.18% from the stock’s current price. Oppenheimer also issued estimates for Monro’s Q1 2020 earnings at $0.66 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.64 EPS, FY2020 earnings at $2.68 EPS and FY2021 earnings at $3.18 EPS.

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a report on Friday, June 21st. SunTrust Banks restated a “buy” rating and issued a $20.00 target price on shares of ANGI Homeservices in a report on Wednesday, May 22nd. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Guggenheim upped their target price on shares of Twitter from $33.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, CL King reiterated a “hold” rating on shares of Monro in a report on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $85.97.

NASDAQ:MNRO opened at $83.35 on Thursday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 2.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.32 and a current ratio of 1.10. The company has a 50-day moving average price of $85.13. Monro has a 12-month low of $60.78 and a 12-month high of $89.72.

Monro (NASDAQ:MNRO) last released its earnings results on Tuesday, May 21st. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.51. The company had revenue of $287.20 million for the quarter, compared to analyst estimates of $292.07 million. Monro had a net margin of 6.64% and a return on equity of 12.10%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, equities analysts predict that Monro will post 2.67 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Wasatch Advisors Inc. lifted its holdings in shares of Monro by 1.6% during the 1st quarter. Wasatch Advisors Inc. now owns 3,110,173 shares of the auto parts company’s stock worth $269,092,000 after acquiring an additional 49,109 shares during the period. Clearbridge Investments LLC increased its position in Monro by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,999,624 shares of the auto parts company’s stock worth $173,007,000 after purchasing an additional 6,862 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Monro by 20.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 704,149 shares of the auto parts company’s stock worth $60,923,000 after purchasing an additional 118,300 shares in the last quarter. FMR LLC increased its position in Monro by 6.0% during the 1st quarter. FMR LLC now owns 575,137 shares of the auto parts company’s stock worth $49,762,000 after purchasing an additional 32,522 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Monro by 4.7% during the 1st quarter. Victory Capital Management Inc. now owns 571,852 shares of the auto parts company’s stock worth $49,476,000 after purchasing an additional 25,657 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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