Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Hold” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$199.44.

CTC.A has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. National Bank Financial decreased their price objective on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. TD decreased their price objective on Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Stifel Nicolaus set a C$215.00 price objective on Canadian Tire and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Desjardins decreased their price objective on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, May 15th.

Canadian Tire Stock Performance

Shares of CTC.A stock opened at C$195.76 on Friday. 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 cap of C$10.30 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.35 and a beta of 1.13. The stock has a 50-day moving average of C$184.20 and a 200-day moving average of C$181.82. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$2.02 EPS 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, sell-side analysts expect that Canadian Tire will post 13.638961 earnings per share 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.