Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives Average Rating of “Hold” from Brokerages

Canadian Tire Co., Limited (OTCMKTS:CDNAF) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $205.00.

Several research analysts have commented on CDNAF shares. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating in a research report on Friday, February 20th. TD Securities reaffirmed a “hold” rating and issued a $205.00 price target on shares of Canadian Tire in a research report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Canadian Tire in a research report on Friday, February 20th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th.

Canadian Tire Price Performance

Canadian Tire stock opened at $128.18 on Monday. The firm has a market cap of $6.74 billion and a price-to-earnings ratio of 27.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.44. Canadian Tire has a fifty-two week low of $102.83 and a fifty-two week high of $152.90. The firm has a fifty day moving average price of $134.76 and a two-hundred day moving average price of $130.88.

Canadian Tire (OTCMKTS:CDNAF) last released its earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.55 billion. Canadian Tire had a net margin of 3.63% and a return on equity of 10.65%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.