National Bank Financial Lowers Canadian Tire (TSE:CTC.A) Price Target to C$209.00

Canadian Tire (TSE:CTC.A) had its price target cut by research analysts at National Bank Financial from C$210.00 to C$209.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 5.20% from the stock’s previous close.

Several other analysts have also issued reports on CTC.A. Desjardins upped their target price on Canadian Tire from C$200.00 to C$217.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus set a C$215.00 price target on Canadian Tire and gave the company a “buy” rating in a research note on Wednesday, June 10th. BMO Capital Markets lowered their price target on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. TD upped their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their price objective on Canadian Tire from C$216.00 to C$218.00 and gave the company an “outperform” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$202.91.

Canadian Tire Stock Down 0.8%

CTC.A stock traded down C$1.63 during midday trading on Friday, hitting C$198.67. The company’s stock had a trading volume of 39,932 shares, compared to its average volume of 227,019. The company’s fifty day moving average price is C$194.70 and its 200 day moving average price is C$188.13. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a twelve month low of C$159.20 and a twelve month high of C$208.08. The stock has a market capitalization of C$10.45 billion, a P/E ratio of 18.03, a PEG ratio of 0.35 and a beta of 1.04.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The company 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%. As a group, equities research analysts predict that Canadian Tire will post 13.638961 EPS for the current year.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.