Canadian Tire (TSE:CTC) Shares Down 4.7% – Here’s What Happened

Canadian Tire Co., Limited (TSE:CTC)’s stock price fell 4.7% during trading on Wednesday . The stock traded as low as C$204.32 and last traded at C$204.32. 763 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 506 shares. The stock had previously closed at C$214.50.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded shares of Canadian Tire from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Canadian Tire Stock Down 4.7%

The company has a debt-to-equity ratio of 166.61, a quick ratio of 1.15 and a current ratio of 1.83. The stock has a market cap of C$10.82 billion, a P/E ratio of 21.13, a P/E/G ratio of 0.49 and a beta of 0.45. The stock’s fifty day simple moving average is C$217.48 and its 200-day simple moving average is C$232.82.

Canadian Tire (TSE:CTC) last announced its earnings results on Thursday, February 19th. The company reported C$4.47 EPS for the quarter. Canadian Tire had a net margin of 3.24% and a return on equity of 8.99%. The company had revenue of C$4.55 billion for the quarter. As a group, research analysts forecast that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current fiscal year.

Canadian Tire Company Profile

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.