Monro Muffler Brake Inc (MNRO) is Initiated by Susquehanna to Positive, Price Target at $66

Monro Muffler Brake Inc (MNRO) was Initiated by Susquehanna to “Positive” and the brokerage firm has set the Price Target at $66. Susquehanna advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on Monro Muffler Brake Inc. Monro Muffler Brake Inc was Downgraded by Northcoast to ” Sell” on Jul 14, 2016.

On the company’s financial health, Monro Muffler Brake Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $236.90 million for the quarter, compared to analysts expectations of $235.12 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Monro Muffler Brake Inc opened for trading at $57.03 and hit $57.377 on the upside on Tuesday, eventually ending the session at $57.12, with a gain of 0.74% or 0.42 points. The heightened volatility saw the trading volume jump to 1,30,543 shares. Company has a market cap of $1,844 M.

In a different news, on Aug 24, 2016, Christopher R Hoornbeck (Divisional Vice President) sold 6,750 shares at $56.70 per share price. According to the SEC, on Jun 9, 2016, Peter J Solomon (director) sold 19,000 shares at $61.42 per share price. On Jun 3, 2016, Elizabeth A. Wolszon (director) sold 4,400 shares at $61.26 per share price, according to the Form-4 filing with the securities and exchange commission.

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. As of March 28 2015 the Company operated a chain of 999 Company-operated stores one franchised location and 14 dealer-operated stores. It also provides other products and services including tires and routine maintenance services including state inspections. The Company is also engaged in repair and replacement of parts. The Company’s store provides a range of undercar repair services for brakes steering mufflers and exhaust systems drive train suspension and wheel alignment as well as tire replacement and service. These services apply to all makes and models of domestic and foreign cars light trucks and vans.

Monro Muffler Brake Inc

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Monro Muffler Brake Inc - Is it time to Sell?

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