Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives Average Rating of “Hold” from Analysts

Shares of Canadian Tire Co., Limited (OTCMKTS:CDNAF) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $205.00.

Several equities analysts have commented on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Canadian Tire in a research report on Friday, February 20th. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a research report on Friday, February 20th. TD Securities reissued a “hold” rating and issued a $205.00 price target on shares of Canadian Tire in a research report on Friday, February 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th.

Canadian Tire Stock Performance

Shares of Canadian Tire stock opened at $128.09 on Monday. The business has a 50-day moving average of $135.24 and a 200 day moving average of $130.68. Canadian Tire has a 12 month low of $102.83 and a 12 month high of $152.90. The stock has a market capitalization of $6.78 billion and a price-to-earnings ratio of 27.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.44.

Canadian Tire (OTCMKTS:CDNAF) last announced its earnings results on Thursday, May 14th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17. Canadian Tire had a return on equity of 10.65% and a net margin of 3.63%.The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion.

About Canadian Tire

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.