Canadian Tire Co. Limited (TSE:CTC.A) Given Average Rating of “Hold” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$197.50.

CTC.A has been the subject of a number of research analyst reports. Desjardins cut their price target on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, May 15th. TD cut their price target on shares of Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a report on Friday, May 15th. BMO Capital Markets cut their price target on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Scotiabank upgraded shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from C$160.00 to C$180.00 in a research report on Friday, February 20th. Finally, Royal Bank Of Canada cut their target price on shares of 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.

Canadian Tire Stock Up 1.4%

CTC.A stock opened at C$178.62 on Monday. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46. The stock has a market capitalization of C$9.40 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.35 and a beta of 1.13. 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 company has a fifty day moving average of C$185.49 and a 200-day moving average of C$180.16.

Canadian Tire (TSE:CTC.A) last released its earnings results 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%. As a group, analysts expect that Canadian Tire will post 13.638961 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.