Canadian Tire (OTCMKTS:CDNAF) Stock Price Up 0.5% – Time to Buy?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) shares were up 0.5% during mid-day trading on Wednesday . The stock traded as high as $140.2675 and last traded at $140.2675. 3,962 shares traded hands during trading, a decline of 70% from the average daily volume of 13,141 shares. The stock had previously closed at $139.57.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CDNAF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Tire in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Price Performance

The company has a market cap of $7.38 billion and a P/E ratio of 29.97. The stock has a 50-day simple moving average of $132.77 and a 200 day simple moving average of $133.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74.

Canadian Tire (OTCMKTS:CDNAF) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17. Canadian Tire had a net margin of 3.63% and a return on equity of 10.63%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion.

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.