Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Rating of “Hold” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$202.91.

Several analysts have commented on CTC.A shares. Royal Bank Of Canada upped their price objective on Canadian Tire from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Stifel Nicolaus upped their price target on Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group increased their price target on Canadian Tire from C$179.00 to C$199.00 in a report on Friday. TD boosted their price objective on shares of Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Scotia raised their target price on shares of Canadian Tire from C$180.00 to C$200.00 and gave the stock a “sector perform” rating in a research note on Friday.

Canadian Tire Stock Down 0.5%

Shares of TSE:CTC.A opened at C$199.34 on Friday. Canadian Tire has a 1-year low of C$159.20 and a 1-year high of C$208.08. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a market cap of C$10.40 billion, a P/E ratio of 18.09, a P/E/G ratio of 0.35 and a beta of 1.04. The firm has a fifty day moving average price of C$195.11 and a 200 day moving average price of C$188.21.

Canadian Tire (TSE:CTC.A) last announced its 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 during the quarter. Sell-side analysts predict that Canadian Tire will post 13.638961 EPS for the current year.

Canadian Tire News Summary

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Stifel Nicolaus issued the most bullish revision, raising its price target from C$115 to C$220 and assigning a “buy” rating. The new target implies approximately 11% potential upside and may support investor confidence. BayStreet.CA analyst ratings
• Positive Sentiment: Second-quarter profit and revenue rose year over year, indicating that Canadian Tire is continuing to grow despite a challenging consumer environment. Automotive sales reportedly increased for the 24th consecutive quarter, providing an important earnings catalyst. Canadian Tire reports second-quarter profit and revenue up Canadian Tire automotive sales growth
• Positive Sentiment: Desjardins forecast strong price appreciation for CTC.A, adding to the constructive analyst outlook following the quarterly report. Desjardins forecast for Canadian Tire
• Neutral Sentiment: National Bank Financial lowered its target modestly to C$209 and maintained a “sector perform” rating, suggesting limited near-term upside but no major deterioration in its outlook. National Bank Financial analyst rating
• Neutral Sentiment: Scotia raised its target to C$200 and Jefferies lifted its target to C$199, but both revisions leave little implied upside and reflect a relatively cautious view of valuation. Scotia and Jefferies analyst ratings
• Negative Sentiment: Retail sales declined 0.8%, highlighting pressure in the broader retail business. Management also described consumer sentiment as soft amid trade-war and tariff concerns, which could weigh on discretionary spending, margins and future growth. Canadian Tire consumer sentiment and tariffs

Canadian Tire Company Profile

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.