Canadian Tire (TSE:CTC) Price Target Raised to C$214.00

Canadian Tire (TSE:CTC) had its target price boosted by National Bank Financial from C$209.00 to C$214.00 in a report issued on Monday morning,BayStreet reports. They currently have a sector perform rating on the stock.

Canadian Tire Trading Up 0.4%

Shares of CTC stock opened at C$221.00 on Monday. The company has a debt-to-equity ratio of 141.64, a quick ratio of 1.15 and a current ratio of 1.88. Canadian Tire has a 52-week low of C$200.01 and a 52-week high of C$250.50. The company has a market capitalization of C$11.53 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.49 and a beta of 0.77. The business’s fifty day moving average is C$210.64 and its 200 day moving average is C$215.11.

Canadian Tire (TSE:CTC) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$3.94 earnings per share (EPS) for the quarter. The company had revenue of C$4.30 billion during the quarter. Canadian Tire had a return on equity of 11.53% and a net margin of 4.11%. On average, equities research analysts anticipate that Canadian Tire will post 13.70 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.