Canadian Tire (OTCMKTS:CDNAF) Releases Earnings Results

Canadian Tire (OTCMKTS:CDNAF) announced its quarterly earnings data on Thursday. The company reported $3.21 earnings per share for the quarter, Zacks reports. The business had revenue of $3.26 billion for the quarter.

Canadian Tire Price Performance

OTCMKTS CDNAF opened at $136.88 on Friday. Canadian Tire has a fifty-two week low of $94.66 and a fifty-two week high of $146.30. The business has a fifty day moving average of $127.59 and a 200-day moving average of $123.49.

Analyst Ratings Changes

CDNAF has been the topic of a number of recent analyst reports. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a research note on Friday. TD Securities restated a “hold” rating and set a $205.00 target price on shares of Canadian Tire in a research report on Friday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canadian Tire in a report on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research report on Friday. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $205.00.

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.