TOday’s Movers: Monro Muffler (NASDAQ:MNRO) Stock Rating Reaffirmed by Analysts at Jefferies; $60.0 Target Price Indicates 18.23 % Potential

September 17, 2017 - By Hazel Jackson

 TOday’s Movers: Monro Muffler (NASDAQ:MNRO) Stock Rating Reaffirmed by Analysts at Jefferies; $60.0 Target Price Indicates 18.23 % Potential

Investors sentiment increased to 1.41 in 2016 Q4. Its up 0.64, from 0.77 in 2016Q3. It increased, as 15 investors sold Monro Inc shares while 55 reduced holdings. 34 funds opened positions while 65 raised stakes. 34.06 million shares or 1.25% more from 33.64 million shares in 2016Q3 were reported.

Landscape Cap Lc reported 27,049 shares stake. Rhumbline Advisers reported 0.01% stake. Envestnet Asset stated it has 7,112 shares. Dimensional Fund Ltd Partnership invested in 0.02% or 690,363 shares. Lionstone Cap Management accumulated 4.78% or 143,347 shares. Wells Fargo & Mn stated it has 0% of its portfolio in Monro Inc (NASDAQ:MNRO). Bnp Paribas Arbitrage has 5,863 shares. California Pub Employees Retirement Systems, California-based fund reported 86,500 shares. Orrstown Svcs Incorporated accumulated 636 shares. Legal General Gru Plc has 56,468 shares for 0% of their portfolio. Bahl Gaynor reported 0.01% stake. 2,277 were accumulated by Forward Management Lc. Ubs Asset Mngmt Americas Inc owns 11,650 shares for 0% of their portfolio. The Missouri-based Scout Invests has invested 0.16% in Monro Inc (NASDAQ:MNRO). 5,763 are held by Proshare Advisors Ltd Llc.

Monro Muffler (NASDAQ:MNRO) Rating Reaffirmed

Jefferies now has a $60.0 PT on shares of Monro Muffler (NASDAQ:MNRO). The PT would suggest a potential upside of 18.23 % from the stock close price of Monro Muffler (NASDAQ:MNRO). This rating was revealed to investors in analysts note on Monday, 11 September.

Investors sentiment increased to 1.41 in 2016 Q4. Its up 0.64, from 0.77 in 2016Q3. It increased, as 15 investors sold Monro Inc shares while 55 reduced holdings. 34 funds opened positions while 65 raised stakes. 34.06 million shares or 1.25% more from 33.64 million shares in 2016Q3 were reported.

Landscape Cap Lc reported 27,049 shares stake. Rhumbline Advisers reported 0.01% stake. Envestnet Asset stated it has 7,112 shares. Dimensional Fund Ltd Partnership invested in 0.02% or 690,363 shares. Lionstone Cap Management accumulated 4.78% or 143,347 shares. Wells Fargo & Mn stated it has 0% of its portfolio in Monro Inc (NASDAQ:MNRO). Bnp Paribas Arbitrage has 5,863 shares. California Pub Employees Retirement Systems, California-based fund reported 86,500 shares. Orrstown Svcs Incorporated accumulated 636 shares. Legal General Gru Plc has 56,468 shares for 0% of their portfolio. Bahl Gaynor reported 0.01% stake. 2,277 were accumulated by Forward Management Lc. Ubs Asset Mngmt Americas Inc owns 11,650 shares for 0% of their portfolio. The Missouri-based Scout Invests has invested 0.16% in Monro Inc (NASDAQ:MNRO). 5,763 are held by Proshare Advisors Ltd Llc.

Monro Inc (NASDAQ:MNRO) Ratings Coverage

Among 12 analysts covering Monro Muffler Brake (NASDAQ:MNRO), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Monro Muffler Brake has $86 highest and $60.0 lowest target. $70.43’s average target is 38.78% above currents $50.75 stock price. Monro Muffler Brake had 23 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Monro Inc (NASDAQ:MNRO) earned “Hold” rating by Gabelli on Tuesday, December 8. The company was upgraded on Thursday, October 27 by Northcoast. The firm has “Buy” rating given on Tuesday, October 20 by Sterne Agee CRT. Jefferies maintained Monro Inc (NASDAQ:MNRO) on Friday, October 23 with “Buy” rating. Oppenheimer maintained the stock with “Buy” rating in Thursday, July 20 report. The firm earned “Buy” rating on Wednesday, June 28 by Oppenheimer. On Tuesday, September 15 the stock rating was initiated by Jefferies with “Buy”. The company was initiated on Monday, September 28 by CL King. On Wednesday, August 19 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. As per Wednesday, June 14, the company rating was maintained by Jefferies.

The stock increased 1.00% or $0.5 on September 15, reaching $50.75. About 372,356 shares traded or 45.71% up from the average. Monro Inc (NASDAQ:MNRO) has declined 18.88% since September 17, 2016 and is downtrending. It has underperformed by 35.58% the S&P500.

Wall Street await Monro Inc (NASDAQ:MNRO) to release earnings on October, 19. Analysts forecast earnings per share of $0.55, up exactly $0.02 or 3.77 % from 2014’s $0.53 EPS. The expected MNRO’s profit could reach $17.99M giving the stock 23.07 P/E in the case that $0.55 earnings per share is reported. After posting $0.55 EPS for the previous quarter, Monro Inc’s analysts now forecast 0.00 % EPS growth.

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 has market cap of $1.66 billion. The Firm 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. It has a 27.27 P/E ratio. It also offers tires and routine maintenance services, which include state inspections.

Another recent and important Monro Inc (NASDAQ:MNRO) news was published by Nasdaq.com which published an article titled: “Monro, Inc. Appoints John L. Auerbach and Lindsay N. Hyde to Board of …” on August 21, 2017.

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