Canadian Tire (TSE:CTC) Raised to “Strong-Buy” at Stifel Nicolaus

Canadian Tire (TSE:CTC) was upgraded by stock analysts at Stifel Nicolaus to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Scotiabank raised Canadian Tire from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Canadian Tire Price Performance

Shares of TSE CTC opened at C$210.00 on Tuesday. The company has a debt-to-equity ratio of 133.63, a quick ratio of 1.15 and a current ratio of 1.74. Canadian Tire has a 1 year low of C$200.01 and a 1 year high of C$274.01. The stock’s 50-day simple moving average is C$217.18 and its 200-day simple moving average is C$220.11. The firm has a market cap of C$11.05 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 0.49 and a beta of 0.69.

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.