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

Canadian Tire Co. Limited (TSE:CTC.A) has been given an average rating of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$200.56.

Several analysts have weighed in on CTC.A shares. National Bank Financial lowered their price target on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research note on Friday, May 15th. Royal Bank Of Canada reduced their price objective on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. TD lifted their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Desjardins lowered their target price on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Stifel Nicolaus set a C$215.00 target price on Canadian Tire and gave the company a “buy” rating in a research note on Wednesday, June 10th.

Canadian Tire Stock Up 2.5%

Shares of TSE CTC.A opened at C$198.86 on Tuesday. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46. 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 firm’s 50 day simple moving average is C$186.85 and its two-hundred day simple moving average is C$185.23. The stock has a market capitalization of C$10.46 billion, a P/E ratio of 18.05, a PEG ratio of 0.35 and a beta of 1.04.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The firm had revenue of C$3.57 billion during the quarter. As a group, analysts expect that Canadian Tire will post 13.638961 EPS for the current fiscal 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.