Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Recommendation of “Hold” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$202.91.

A number of research analysts have issued reports on the stock. Scotia increased their target price on shares of Canadian Tire from C$180.00 to C$200.00 and gave the company a “sector perform” rating in a report on Friday. Royal Bank Of Canada lifted their price objective on Canadian Tire from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Stifel Nicolaus boosted their target price on Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group upped their target price on Canadian Tire from C$179.00 to C$199.00 in a report on Friday. Finally, BMO Capital Markets dropped their price target on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research report on Friday, May 15th.

Canadian Tire News Summary

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Stifel Nicolaus issued the most bullish revision, raising its price target from C$115 to C$220 and assigning a “buy” rating. The new target implies approximately 11% potential upside and may support investor confidence. BayStreet.CA analyst ratings
• Positive Sentiment: Second-quarter profit and revenue rose year over year, indicating that Canadian Tire is continuing to grow despite a challenging consumer environment. Automotive sales reportedly increased for the 24th consecutive quarter, providing an important earnings catalyst. Canadian Tire reports second-quarter profit and revenue up Canadian Tire automotive sales growth
• Positive Sentiment: Desjardins forecast strong price appreciation for CTC.A, adding to the constructive analyst outlook following the quarterly report. Desjardins forecast for Canadian Tire
• Neutral Sentiment: National Bank Financial lowered its target modestly to C$209 and maintained a “sector perform” rating, suggesting limited near-term upside but no major deterioration in its outlook. National Bank Financial analyst rating
• Neutral Sentiment: Scotia raised its target to C$200 and Jefferies lifted its target to C$199, but both revisions leave little implied upside and reflect a relatively cautious view of valuation. Scotia and Jefferies analyst ratings
• Negative Sentiment: Retail sales declined 0.8%, highlighting pressure in the broader retail business. Management also described consumer sentiment as soft amid trade-war and tariff concerns, which could weigh on discretionary spending, margins and future growth. Canadian Tire consumer sentiment and tariffs

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$199.34 on Friday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a one year low of C$159.20 and a one year high of C$208.08. The firm has a market capitalization of C$10.40 billion, a P/E ratio of 18.09, a PEG ratio of 0.35 and a beta of 1.04. The company’s fifty day moving average is C$195.11 and its two-hundred day moving average is C$188.21.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. The firm 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%. Analysts forecast that Canadian Tire will post 13.638961 EPS for the current fiscal year.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.