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

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$197.50.

Several research firms have issued reports on CTC.A. National Bank Financial lowered their price objective 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 report on Friday, May 15th. Royal Bank Of Canada lowered their target price on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from C$160.00 to C$180.00 in a report on Friday, February 20th. TD lowered their price target on shares of 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. Finally, BMO Capital Markets lowered their price target on shares of 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.

Canadian Tire Price Performance

CTC.A opened at C$176.90 on Monday. The business has a fifty day moving average of C$186.01 and a 200 day moving average of C$180.02. Canadian Tire has a 52-week low of C$158.18 and a 52-week high of C$202.46. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The stock has a market cap of C$9.31 billion, a P/E ratio of 16.05, a PEG ratio of 0.35 and a beta of 1.17.

Canadian Tire (TSE:CTC.A) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share (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 anticipate that Canadian Tire will post 13.638961 EPS for the current year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.