Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Canadian Tire (TSE:CTC.A) had its target price lifted by investment analysts at Royal Bank Of Canada from C$216.00 to C$218.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 6.71% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. TD raised their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Desjardins lowered their target price on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. National Bank Financial increased their target price on Canadian Tire from C$205.00 to C$210.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets reduced 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 research report on Friday, May 15th. Finally, Stifel Nicolaus set a C$215.00 price target on shares of Canadian Tire and gave the company a “buy” rating in a research note on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$201.33.

Canadian Tire Stock Down 0.9%

Shares of CTC.A stock traded down C$1.87 on Monday, reaching C$204.29. 18,666 shares of the company were exchanged, compared to its average volume of 226,665. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company has a 50-day moving average of C$192.61 and a 200-day moving average of C$187.35. The company has a market cap of C$10.75 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.35 and a beta of 1.04. Canadian Tire has a one year low of C$159.20 and a one year high of C$208.08.

Canadian Tire (TSE:CTC.A) last issued its earnings results on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The business had revenue of C$3.57 billion during the quarter. Analysts anticipate that Canadian Tire will post 13.638961 earnings per share for the current year.

About Canadian Tire

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.