National Bank Financial Lowers Canadian Tire (TSE:CTC.A) Price Target to C$205.00

Canadian Tire (TSE:CTC.A) had its price objective reduced by analysts at National Bank Financial from C$211.00 to C$205.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 20.77% from the stock’s current price.

A number of other equities analysts have also recently commented on CTC.A. TD Securities lifted their price target on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from C$160.00 to C$180.00 in a research note on Friday, February 20th. Desjardins lifted their price target on shares of Canadian Tire from C$190.00 to C$203.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets lifted their price target on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada lifted their price target on shares of Canadian Tire from C$211.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$197.50.

Canadian Tire Price Performance

Shares of Canadian Tire stock traded down C$5.20 during trading hours on Friday, reaching C$169.75. The company’s stock had a trading volume of 124,284 shares, compared to its average volume of 247,115. The firm has a 50 day moving average price of C$189.09 and a 200-day moving average price of C$179.28. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46. 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$8.95 billion, a P/E ratio of 17.55, a P/E/G ratio of 0.35 and a beta of 1.17.

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