Canadian Tire (OTCMKTS:CDNAF) Shares Gap Up – What’s Next?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) shares gapped up prior to trading on Friday . The stock had previously closed at $133.92, but opened at $137.8550. Canadian Tire shares last traded at $137.82, with a volume of 15 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Price Performance

The company’s 50-day moving average is $133.21 and its 200-day moving average is $132.06. The firm has a market capitalization of $7.19 billion and a price-to-earnings ratio of 29.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.74 and a quick ratio of 1.33.

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

Canadian Tire Company Profile

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.