TD Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price target lifted by TD from C$200.00 to C$210.00 in a report released on Wednesday,BayStreet.CA reports. TD currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Desjardins lowered their price target on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada dropped their price target on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. 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 report on Friday, May 15th. BMO Capital Markets dropped their target price on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Finally, Stifel Nicolaus set a C$215.00 price target on shares of Canadian Tire and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$200.56.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$195.17 on Wednesday. The stock has a fifty day moving average price of C$184.84 and a 200 day moving average price of C$184.16. Canadian Tire has a 1-year low of C$158.18 and a 1-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 company has a market cap of C$10.27 billion, a PE ratio of 17.71, a P/E/G 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 EPS for the quarter. The company had revenue of C$3.57 billion during the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. Sell-side analysts forecast that Canadian Tire will post 13.638961 EPS 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.