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

Canadian Tire Co., Limited (OTCMKTS:CDNAF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $146.24, but opened at $138.3820. Canadian Tire shares last traded at $138.3820, with a volume of 4 shares traded.

Analysts Set New Price Targets

A number of research firms have weighed in on CDNAF. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a report on Monday, August 10th. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $205.00.

Canadian Tire Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74. The stock has a market cap of $7.28 billion and a P/E ratio of 18.38. The firm’s 50 day moving average is $140.27 and its 200 day moving average is $136.83.

Canadian Tire (OTCMKTS:CDNAF) last posted its quarterly earnings data on Thursday, August 13th. The company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. Canadian Tire had a return on equity of 10.89% and a net margin of 4.09%.The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.03 billion.

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.