Metro, Inc. (TSE:MRU) – Stock analysts at Desjardins issued their Q1 2017 earnings estimates for Metro in a research report issued on Thursday. Desjardins analyst K. Howlett forecasts that the brokerage will post earnings of $0.57 per share for the quarter. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Metro’s Q2 2017 earnings at $0.57 EPS, Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.66 EPS and FY2018 earnings at $2.78 EPS.

Several other research firms have also weighed in on MRU. CIBC lowered shares of Metro from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$47.00 to C$46.00 in a report on Monday, August 15th. Barclays PLC boosted their target price on shares of Metro from C$41.00 to C$43.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Scotiabank boosted their target price on shares of Metro from C$46.50 to C$52.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Dundee Securities reiterated a “buy” rating and issued a C$52.00 target price on shares of Metro in a report on Thursday, September 22nd. Finally, CSFB boosted their target price on shares of Metro from C$37.00 to C$38.00 and gave the company an “underperform” rating in a report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Metro currently has a consensus rating of “Hold” and a consensus target price of C$45.82.

Earnings History and Estimates for Metro (TSE:MRU)

Metro (TSE:MRU) traded down 3.39% during trading on Friday, hitting $40.74. 381,790 shares of the stock were exchanged. The stock’s 50 day moving average price is $41.55 and its 200 day moving average price is $44.03. Metro has a 12 month low of $37.75 and a 12 month high of $48.19. The stock has a market cap of $9.58 billion and a P/E ratio of 17.05.

About Metro

Metro Inc is a retailer or a distributor and operates under various banners in the supermarket and discount segments. The Company operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has over 200 discount stores operating under the Super C and Food Basics banners. The Adonis banner has over 10 stores, which offer Mediterranean and Middle-Eastern products.

Receive News & Stock Ratings for Metro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Inc. and related stocks with our FREE daily email newsletter.