Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives Consensus Rating of “Hold” from Brokerages

Canadian Tire Co., Limited (OTCMKTS:CDNAF) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $205.00.

A number of equities analysts have recently issued reports on CDNAF shares. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th.

Canadian Tire Price Performance

Shares of CDNAF opened at $137.94 on Friday. Canadian Tire has a 1 year low of $102.83 and a 1 year high of $152.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.74 and a quick ratio of 1.33. The company has a market capitalization of $7.26 billion and a price-to-earnings ratio of 29.47. The business has a 50-day moving average of $133.37 and a 200-day moving average of $132.02.

Canadian Tire (OTCMKTS:CDNAF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion.

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.