Monro Inc (NASDAQ: MNRO) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Marginal positive changes in fundamentals have recently occurred for Monro Inc (NASDAQ: MNRO): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MNRO is expected to continue to be a modest Value Builder.
Monro has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Monro has a slightly negative Appreciation Score of 34 and a very low Power Rating of 5, with the Lowest Value Trend Rating the result.
Recent Price Action
On 8/1/24, Monro Inc (NASDAQ: MNRO) stock suffered a large decline of -5.8%, closing at $29.02. NORMAL trading volume accompanied the decline. The stock has risen 20.1% during the last week but has been weak relative to the market over the last nine months.
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