Monro (MNRO) Coverage Initiated at SunTrust Banks

SunTrust Banks started coverage on shares of Monro (NASDAQ:MNRO) in a report issued on Thursday. The brokerage set a “hold” rating and a $55.00 price target on the auto parts company’s stock. SunTrust Banks’ price objective points to a potential upside of 7.42% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on MNRO. TheStreet upgraded shares of Monro from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Zacks Investment Research downgraded shares of Monro from a “strong-buy” rating to a “hold” rating in a report on Friday, March 16th. BidaskClub upgraded shares of Monro from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Jefferies Group restated a “hold” rating on shares of Monro in a report on Wednesday, January 31st. Finally, Oppenheimer restated a “buy” rating on shares of Monro in a report on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $62.14.

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Shares of Monro stock opened at $51.20 on Thursday. Monro has a twelve month low of $39.65 and a twelve month high of $64.15. The stock has a market cap of $1,778.31, a P/E ratio of 30.47, a P/E/G ratio of 1.97 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.33.

Monro (NASDAQ:MNRO) last released its earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Monro had a net margin of 5.13% and a return on equity of 10.48%. The firm had revenue of $285.70 million during the quarter, compared to the consensus estimate of $292.94 million. During the same period in the previous year, the firm earned $0.53 earnings per share. Monro’s revenue was down .9% compared to the same quarter last year. equities analysts anticipate that Monro will post 2.01 EPS for the current year.

In other Monro news, insider Maureen Mulholland sold 3,000 shares of Monro stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $153,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen C. Mccluski sold 10,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $55.51, for a total transaction of $555,100.00. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MNRO. Nationwide Fund Advisors lifted its position in shares of Monro by 4.2% during the third quarter. Nationwide Fund Advisors now owns 181,236 shares of the auto parts company’s stock worth $10,158,000 after purchasing an additional 7,242 shares in the last quarter. Aperio Group LLC lifted its position in shares of Monro by 47.7% during the third quarter. Aperio Group LLC now owns 11,285 shares of the auto parts company’s stock worth $633,000 after purchasing an additional 3,643 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Monro during the third quarter worth $410,000. Rhumbline Advisers lifted its position in shares of Monro by 7.0% during the third quarter. Rhumbline Advisers now owns 76,941 shares of the auto parts company’s stock worth $4,313,000 after purchasing an additional 5,030 shares in the last quarter. Finally, TD Asset Management Inc. lifted its position in shares of Monro by 45.4% during the third quarter. TD Asset Management Inc. now owns 32,661 shares of the auto parts company’s stock worth $1,831,000 after purchasing an additional 10,200 shares in the last quarter.

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Monro Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro (NASDAQ:MNRO)

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