Canadian Tire (TSE:CTC) Upgraded at Scotiabank

Scotiabank upgraded shares of Canadian Tire (TSE:CTC) from a strong sell rating to a hold rating in a report released on Friday morning,Zacks.com reports.

Canadian Tire Stock Up 2.3%

Shares of CTC opened at C$216.00 on Friday. The company has a market capitalization of C$11.54 billion, a P/E ratio of 16.39, a PEG ratio of 0.49 and a beta of 0.39. Canadian Tire has a one year low of C$201.12 and a one year high of C$274.01. The business’s 50 day simple moving average is C$219.10 and its 200-day simple moving average is C$236.94. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15.

Canadian Tire (TSE:CTC) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. The firm had revenue of C$4.55 billion during the quarter. Canadian Tire had a return on equity of 11.54% and a net margin of 3.98%. As a group, sell-side analysts predict that Canadian Tire will post 13.6961722 EPS for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.