Canadian Tire (OTCMKTS:CDNAF) Shares Gap Down – Here’s What Happened

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $145.83, but opened at $126.90. Canadian Tire shares last traded at $126.90, with a volume of 50 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Tire in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Canadian Tire currently has a consensus rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Price Performance

The stock has a 50 day moving average price of $137.78 and a two-hundred day moving average price of $135.95. The company has a quick ratio of 1.46, a current ratio of 1.88 and a debt-to-equity ratio of 0.91. The firm has a market cap of $7.60 billion and a PE ratio of 19.17.

Canadian Tire (OTCMKTS:CDNAF) last released its quarterly earnings data on Thursday, August 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.03 billion. Canadian Tire had a net margin of 4.09% and a return on equity of 10.84%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a Canadian retail and financial services company headquartered in Toronto, Ontario. Founded in 1922, the company operates primarily in Canada through a network of associate dealer-operated and corporate stores, offering products for automotive, hardware, home, sports and recreation, seasonal activities, and outdoor living.

Its retail banners include Canadian Tire, SportChek, and Mark’s, which provide automotive parts and services, sporting goods and apparel, workwear, footwear, and everyday household and outdoor products.