Metro (OTCMKTS:MTRAF) Sets New 12-Month High – Still a Buy?

Metro Inc. (OTCMKTS:MTRAF) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $83.02 and last traded at $83.02, with a volume of 634 shares. The stock had previously closed at $71.7250.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Metro in a research note on Wednesday, January 28th. Scotiabank restated an “outperform” rating on shares of Metro in a research report on Thursday, November 20th. Finally, TD Securities reaffirmed a “buy” rating on shares of Metro in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Metro Stock Down 1.2%

The firm has a market capitalization of $15.27 billion and a PE ratio of 43.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.42 and a quick ratio of 0.53. The company has a 50-day moving average price of $70.97 and a 200 day moving average price of $70.04.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). Metro had a return on equity of 14.73% and a net margin of 4.44%.The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.71 billion.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.