Canadian Tire (TSE:CTC.A) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Canadian Tire Co. Limited (TSE:CTC.A)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$174.56 and traded as high as C$182.69. Canadian Tire shares last traded at C$180.42, with a volume of 122,019 shares trading hands.

Analyst Ratings Changes

CTC.A has been the topic of several recent analyst reports. Desjardins boosted their target price on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from C$160.00 to C$180.00 in a research note on Friday, February 20th. TD Securities raised their price objective on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, February 20th. National Bank Financial boosted their target price on Canadian Tire from C$201.00 to C$211.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, BMO Capital Markets raised their price target on Canadian Tire from C$180.00 to C$194.00 and gave the company a “market perform” rating in a report on Friday, February 20th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$192.29.

Canadian Tire Stock Performance

The stock has a 50-day moving average of C$182.55 and a 200 day moving average of C$174.56. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a market capitalization of C$9.55 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.35 and a beta of 1.20.

Canadian Tire (TSE:CTC.A) last released its earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. The company had revenue of C$4.55 billion for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. On average, analysts expect that Canadian Tire Co. Limited will post 13.638961 EPS for the current year.

Canadian Tire Company Profile

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.