Guggenheim analyst Ali Faghri reiterated a Buy rating on Monro Muffler (NASDAQ: MNRO) yesterday and set a price target of $67. The company’s shares closed yesterday at $65, close to its 52-week high of $67.73.
According to TipRanks.com, Faghri is a 3-star analyst with an average return of 6.0% and a 64.2% success rate. Faghri covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Penske Automotive Group, and Genuine Parts Company.
Monro Muffler has an analyst consensus of Moderate Buy, with a price target consensus of $59, which is a -9.2% downside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock.
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Monro Muffler’s market cap is currently $2.13B and has a P/E ratio of 33.85. The company has a Price to Book ratio of 3.40.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.
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Monro, Inc. engages in the operation of chain stores that provides automotive undercar repair and tire services. The company offers services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services and certain locations specialize in providing commercial tire and maintenance services.
