Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Recommendation of “Hold” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$200.29.

Several equities analysts recently weighed in on CTC.A shares. Desjardins boosted their price objective on Canadian Tire from C$190.00 to C$203.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$160.00 to C$180.00 in a research report on Friday, February 20th. National Bank Financial boosted their price objective on Canadian Tire from C$201.00 to C$211.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. TD Securities boosted their price objective on Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada boosted their price target on Canadian Tire from C$211.00 to C$220.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th.

Canadian Tire Trading Down 0.8%

Canadian Tire stock opened at C$182.39 on Thursday. Canadian Tire has a 52 week low of C$157.00 and a 52 week high of C$202.46. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market capitalization of C$9.61 billion, a PE ratio of 18.86, a PEG ratio of 0.35 and a beta of 1.17. The business’s 50-day simple moving average is C$189.47 and its 200-day simple moving average is C$179.26.

Canadian Tire (TSE:CTC.A) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$4.47 earnings per share for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The business had revenue of C$4.55 billion during the quarter. Equities research analysts forecast that Canadian Tire will post 13.638961 earnings per share for the current year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.