Canadian Tire Co. Limited (TSE:CTC.A) Receives C$199.44 Average Price Target from Brokerages

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat 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 issued ratings on the stock in the last year is C$199.44.

CTC.A has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their target price 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. BMO Capital Markets decreased their target price 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. TD decreased their target price 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. National Bank Financial decreased their target price 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. Finally, Stifel Nicolaus set a C$215.00 target price on Canadian Tire and gave the company a “buy” rating in a research report on Wednesday, June 10th.

Canadian Tire Stock Down 0.5%

TSE:CTC.A opened at C$195.35 on Friday. Canadian Tire has a twelve month low of C$158.18 and a twelve month high of C$202.46. The company has a market cap of C$10.28 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.13. The stock has a fifty day simple moving average of C$184.03 and a 200-day simple moving average of C$182.39. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Canadian Tire (TSE:CTC.A) last released its earnings results 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 during the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. Analysts anticipate that Canadian Tire will post 13.638961 EPS for the current 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.