Canadian Tire (TSE:CTC) Upgraded to Hold at Scotiabank

Canadian Tire (TSE:CTC) was upgraded by stock analysts at Scotiabank from a “strong sell” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Canadian Tire Stock Up 2.3%

CTC opened at C$216.00 on Friday. Canadian Tire has a 12 month low of C$201.12 and a 12 month high of C$274.01. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68. The business’s 50-day moving average price is C$219.10 and its 200-day moving average price is C$237.26. The company has a market cap of C$11.54 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.49 and a beta of 0.39.

Canadian Tire (TSE:CTC) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. The business had revenue of C$4.55 billion for the quarter. Canadian Tire had a return on equity of 11.54% and a net margin of 3.98%. On average, equities analysts expect that Canadian Tire will post 13.6961722 EPS for the current year.

Canadian Tire Company Profile

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.