Canadian Tire (OTCMKTS:CDNAF) Shares Gap Down – What’s Next?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $146.24, but opened at $138.3820. Canadian Tire shares last traded at $138.3820, with a volume of 4 shares traded.

Wall Street Analyst Weigh In

CDNAF has been the topic of several recent analyst reports. Scotiabank reissued a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and an average price target of $205.00.

Canadian Tire Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83. The business has a 50 day simple moving average of $140.27 and a two-hundred day simple moving average of $136.83. The firm has a market cap of $7.28 billion and a PE ratio of 18.38.

Canadian Tire (OTCMKTS:CDNAF) last issued its earnings results on Thursday, August 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.03 billion. Canadian Tire had a net margin of 4.09% and a return on equity of 10.89%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.