IBD Upgrades Monro’s Technical Strength with Increased Relative Strength Rating
January 1, 2023
Trending News ☀️
Monro Intrinsic Value – MONRO ($NASDAQ:MNRO) is an automotive aftermarket service and tire retailer that provides services such as oil changes, brakes, shocks, struts, alignment and other maintenance services. Recently, the company’s technical strength has been upgraded by IBD. On Tuesday, IBD upgraded Monro’s Relative Strength Rating from 63 to 78. A higher rating means a stock is outperforming the market. The upgrade from IBD shows that Monro’s performance has been strong and that it is likely to continue to outperform the market in the future.
This is good news for investors and could potentially help drive up the stock price. This rating measures a stock’s overall fundamental and technical performance. Overall, IBD’s upgrade of Monro’s technical strength is a positive sign for investors. It indicates that the company is performing well and could be a good investment going forward. Investors should keep an eye on Monro’s performance and if the stock continues to outperform the market, it may be a good option for long-term investments.
Share Price
This news was reflected in the stock market when the MONRO stock opened at $45.3 and closed at $45.6, representing a 2.1% increase from the previous closing price of $44.7. Monro is a leading provider of automotive services and products and has a large customer base. The increased relative strength rating indicates that Monro is a sound investment and that the company is likely to continue to be profitable in the future. Monro’s strong financial performance has been driven by its focus on providing high-quality services and products to its customers. The company has invested heavily in its operations to ensure that it can deliver these services in a timely and efficient manner, while also providing excellent customer service.
This focus on providing top-notch services has helped to drive revenue growth and sustain strong margins over the long-term. Overall, the upgrade of Monro’s technical strength is a positive sign for investors and provides further confirmation that the company is well-positioned for continued success. The increased relative strength rating should be taken as an indication of the company’s overall financial health and stability, making Monro an attractive investment option for those looking to add value to their portfolios. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Monro. More…
| Total Revenues | Net Income | Net Margin |
| 1.35k | 50.27 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Monro. More…
| Operations | Investing | Financing |
| 188.25 | -109.8 | -85.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Monro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.79k | 1.07k | 23.29 |
Key Ratios Snapshot
Some of the financial key ratios for Monro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | -11.7% | 6.6% |
| FCF Margin | ROE | ROA |
| 11.7% | 7.2% | 3.1% |
VI Analysis – Monro Intrinsic Value
MONRO is a company that has potential in the long run. The VI Line app provides an easy way to analyze the fundamentals of the company, and the fair value of its stock. According to the app, MONRO’s fair share price is around $59.8. At the moment, MONRO stock is trading at $45.6, making it undervalued by 24%. This means that investors can purchase the stock at what is currently a discount, if they believe in the company’s long-term potential. The metrics provided by the VI Line app make it easy to see that MONRO may be a good investment opportunity. Investors should continue to monitor the company’s performance and the stock’s value over time to assess whether or not it is a good fit for their portfolio. More…
VI Peers
Monro Inc is in a fiercely competitive market, with HyUnion Holding Co Ltd, Strattec Security Corp, and Odyne Corp all vying for the top spot. Monro Inc has been striving to stay ahead by providing high-quality products and services, and by continuously innovating to meet the ever-changing demands of the market.
– HyUnion Holding Co Ltd ($SZSE:002537)
HyUnion Holding Co Ltd is a Chinese multinational conglomerate that specializes in the engineering, manufacturing, and sales of industrial equipment and services. The company has a market capitalization of 9 billion dollars as of 2023, and a return on equity of 3.11%. This indicates that the company has a strong financial position and is able to generate a reasonable return on its shareholders’ investments. The company’s strong financial performance likely stems from its diversified portfolio of products and services which includes engineering, manufacturing, and sales of industrial equipment and services. This diversification has allowed HyUnion to remain competitive in the global market and remain profitable despite a challenging economy.
– Strattec Security Corp ($NASDAQ:STRT)
Strattec Security Corp is a Milwaukee, Wisconsin-based automotive, commercial and consumer lock manufacturer. The company has an impressive market capitalization of 82.51 million dollars as of 2023, which is indicative of its strong financial standing and success in the industry. Additionally, its return on equity of 3.05% demonstrates that the company is able to efficiently utilize its resources to generate a healthy return on its investments. Strattec specializes in producing a wide range of automotive locks and keys, including the popular V.A.T.S., P.A.T.S., and Ignition Lock Cylinder systems. The company also provides aftermarket products such as locks, key blanks, and other related accessories.
– Odyne Corp ($OTCPK:ODYC)
Odyne Corp is a leading provider of advanced hybrid systems for medium and heavy-duty vehicles. With a market cap of 70.14k as of 2023, Odyne Corp is a relatively small company in terms of capitalization. Its Return on Equity (ROE) of -323.07% is an indication of the company’s financial challenges and a lack of profitability. The company has been making efforts to improve its financial performance by focusing on cost-saving measures and expanding its customer base. In addition, the company has been investing heavily in research and development to develop innovative solutions that can help reduce emissions and fuel consumption in commercial vehicles.
Summary
Monro Inc. has recently been upgraded by IBD with an increased Relative Strength Rating. This upgrade indicates Monro’s technical strength to investors, showing that it has the potential for outperformance in the stock market. Analysts are currently optimistic about Monro’s prospects, as news coverage of the company has been mostly positive. Investors should consider doing their own research and analysis when deciding whether to invest in this stock.
Additionally, they should take into account market conditions as they can change rapidly and can affect the performance of Monro’s stock.
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