Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$197.50

Canadian Tire Co. Limited (TSE:CTC.A) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$197.50.

Several research firms recently issued reports on CTC.A. Royal Bank Of Canada dropped their price target on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Desjardins dropped their price target on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. National Bank Financial dropped their price target on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$160.00 to C$180.00 in a research report on Friday, February 20th. Finally, TD dropped their price target on Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating on the stock in a research report on Friday, May 15th.

Canadian Tire Stock Performance

Shares of CTC.A stock opened at C$178.62 on Monday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46. The company’s 50-day simple moving average is C$185.49 and its 200-day simple moving average is C$180.20. The stock has a market capitalization of C$9.40 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.35 and a beta of 1.13.

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

About Canadian Tire

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.