Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Recommendation of “Hold” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$199.44.

A number of equities analysts have weighed in on CTC.A shares. BMO Capital Markets reduced their price target on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Stifel Nicolaus set a C$215.00 price target on Canadian Tire and gave the stock a “buy” rating in a research report on Wednesday, June 10th. National Bank Financial reduced their price target on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. TD reduced their price target on Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Finally, Royal Bank Of Canada reduced their price target on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th.

Canadian Tire Price Performance

Shares of CTC.A opened at C$195.76 on Friday. Canadian Tire has a 52-week low of C$158.18 and a 52-week high of C$202.46. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a 50 day simple moving average of C$184.20 and a 200 day simple moving average of C$181.82. The firm has a market capitalization of C$10.30 billion, a PE ratio of 17.76, a P/E/G ratio of 0.35 and a beta of 1.13.

Canadian Tire (TSE:CTC.A) last released its quarterly earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The firm had revenue of C$3.57 billion during the quarter. Sell-side analysts predict that Canadian Tire will post 13.638961 EPS for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.