Canadian Tire (OTCMKTS:CDNAF) Shares Gap Up – Time to Buy?

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $133.92, but opened at $137.8550. Canadian Tire shares last traded at $137.82, with a volume of 15 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on CDNAF shares. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research note on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Tire presently has an average rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Stock Down 0.5%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74. The firm has a market capitalization of $7.22 billion and a P/E ratio of 29.33. The stock has a fifty day moving average price of $133.37 and a two-hundred day moving average price of $132.02.

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, topping the consensus estimate of $1.30 by $0.17. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.The firm had revenue of $2.57 billion for 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.