Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Recommendation of “Hold” by Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$195.75.

A number of research analysts have issued reports on CTC.A shares. Desjardins boosted their target price on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Royal Bank Of Canada upped their price target on shares of Canadian Tire from C$211.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Thursday. National Bank Financial upped their price target on shares of Canadian Tire from C$201.00 to C$211.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. BMO Capital Markets upped their price target on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Finally, TD Securities upped their price target on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a research note on Friday, February 20th.

Canadian Tire Stock Performance

Shares of TSE CTC.A traded up C$1.19 during midday trading on Thursday, hitting C$190.60. The company’s stock had a trading volume of 42,732 shares, compared to its average volume of 243,823. Canadian Tire has a 1-year low of C$156.95 and a 1-year high of C$202.46. The firm’s fifty day moving average price is C$189.90 and its 200-day moving average price is C$178.81. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market cap of C$10.05 billion, a P/E ratio of 19.71, a P/E/G ratio of 0.35 and a beta of 1.17.

Canadian Tire (TSE:CTC.A) last posted its earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. The firm had revenue of C$4.55 billion during the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. On average, sell-side analysts forecast 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) 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.