Canadian Tire Co., Limited (OTCMKTS:CDNAF) Given Consensus Rating of “Hold” by Analysts

Canadian Tire Co., Limited (OTCMKTS:CDNAF) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $205.00.

CDNAF has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. TD Securities reaffirmed a “hold” rating and set a $205.00 price objective on shares of Canadian Tire in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canadian Tire in a research report on Friday, February 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th. Finally, Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a research report on Friday, February 20th.

Canadian Tire Stock Performance

OTCMKTS CDNAF opened at $128.09 on Monday. The stock has a market cap of $6.78 billion and a PE ratio of 27.37. The company has a current ratio of 1.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. Canadian Tire has a twelve month low of $102.83 and a twelve month high of $152.90. The stock has a fifty day simple moving average of $135.24 and a 200-day simple moving average of $130.68.

Canadian Tire (OTCMKTS:CDNAF) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Canadian Tire had a return on equity of 10.65% and a net margin of 3.63%.

About Canadian Tire

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.