Canadian Tire (TSE:CTC.A) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Canadian Tire Co. Limited (TSE:CTC.A) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$182.92 and traded as high as C$198.00. Canadian Tire shares last traded at C$197.97, with a volume of 45,571 shares trading hands.

Analyst Upgrades and Downgrades

CTC.A has been the subject of several recent research reports. TD lowered their price target on shares of 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. National Bank Financial reduced their target price on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research note on Friday, May 15th. BMO Capital Markets decreased their target price on shares of 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. Royal Bank Of Canada dropped their price target on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, Stifel Nicolaus set a C$215.00 price target on Canadian Tire and gave the company a “buy” rating in a report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$199.44.

Canadian Tire Stock Performance

The company has a market cap of C$10.42 billion, a P/E ratio of 17.96, a PEG ratio of 0.35 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company has a 50 day moving average price of C$184.40 and a 200-day moving average price of C$182.92.

Canadian Tire (TSE:CTC.A) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The business had revenue of C$3.57 billion for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. Equities analysts expect that Canadian Tire Co. Limited 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.