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

Canadian Tire Co. Limited (TSE:CTC.A) has received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$197.50.

A number of equities research analysts recently commented on CTC.A shares. Royal Bank Of Canada decreased their target price on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Desjardins decreased their target price on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and increased their target price for the company from C$160.00 to C$180.00 in a research report on Friday, February 20th. BMO Capital Markets decreased their target price on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Finally, TD decreased their target price on shares of Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a research report on Friday, May 15th.

Canadian Tire Stock Performance

Shares of TSE CTC.A opened at C$176.90 on Monday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a market capitalization of C$9.31 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 0.35 and a beta of 1.17. Canadian Tire has a 1-year low of C$158.18 and a 1-year high of C$202.46. The business has a fifty day moving average price of C$186.01 and a 200 day moving average price of C$180.02.

Canadian Tire (TSE:CTC.A) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The firm had revenue of C$3.57 billion during the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. Equities research analysts expect that Canadian Tire will post 13.638961 EPS for the current fiscal year.

Canadian Tire Company Profile

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.