Canadian Tire Co., Limited (OTCMKTS:CDNAF) Given Consensus Rating of “Hold” by Brokerages

Shares of Canadian Tire Co., Limited (OTCMKTS:CDNAF) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $205.00.

A number of equities research analysts have commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th.

Canadian Tire Stock Performance

OTCMKTS CDNAF opened at $137.61 on Friday. The stock’s fifty day moving average is $132.95 and its two-hundred day moving average is $132.36. The firm has a market capitalization of $7.24 billion and a P/E ratio of 29.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74. Canadian Tire has a fifty-two week low of $102.83 and a fifty-two week high of $152.90.

Canadian Tire (OTCMKTS:CDNAF) last released its quarterly earnings data 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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

About Canadian Tire

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.