Canadian Tire (OTCMKTS:CDNAF) Shares Gap Down – Should You Sell?

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $138.20, but opened at $124.30. Canadian Tire shares last traded at $138.27, with a volume of 31 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CDNAF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research note on Thursday, May 7th. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Tire has a consensus rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Stock Up 0.5%

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.74 and a quick ratio of 1.33. The company has a market cap of $7.27 billion and a PE ratio of 29.54. The business’s 50 day moving average is $132.95 and its 200-day moving average is $132.36.

Canadian Tire (OTCMKTS:CDNAF) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.55 billion. Canadian Tire had a net margin of 3.63% and a return on equity of 10.63%.

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.