Canadian Tire (TSE:CTC) Upgraded to “Hold” at Scotiabank

Scotiabank upgraded shares of Canadian Tire (TSE:CTC) from a strong sell rating to a hold rating in a research note issued to investors on Friday,Zacks.com reports.

Canadian Tire Stock Performance

Shares of CTC opened at C$216.00 on Friday. The business has a 50-day simple moving average of C$219.10 and a two-hundred day simple moving average of C$237.26. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 150.68. Canadian Tire has a 52 week low of C$201.12 and a 52 week high of C$274.01. The stock has a market cap of C$11.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.49 and a beta of 0.39.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. The company had revenue of C$4.55 billion during the quarter. Canadian Tire had a return on equity of 11.54% and a net margin of 3.98%. On average, analysts expect that Canadian Tire will post 13.6961722 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.