Monro Muffler (MNRO) Receives a Buy from Oppenheimer
In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Monro Muffler (NASDAQ: MNRO). The company’s shares opened today at $64.95.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 8.0% and a 62.8% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.
Monro Muffler has an analyst consensus of Moderate Buy, with a price target consensus of $68.
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Based on Monro Muffler’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $20.64 million. In comparison, last year the company had a net profit of $17.27 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Donald Glickman, a Director at MNRO bought 10,000 shares for a total of $444,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.