Canadian Tire (OTCMKTS:CDNAF) Shares Up 0.5% – Time to Buy?

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s share price shot up 0.5% during trading on Wednesday . The company traded as high as $140.2675 and last traded at $140.2675. Approximately 3,962 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 13,141 shares. The stock had previously closed at $139.57.

Analyst Ratings Changes

A number of analysts have issued reports on CDNAF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a report on Monday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $205.00.

Canadian Tire Price Performance

The stock has a market cap of $7.31 billion and a P/E ratio of 29.68. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $132.97 and its 200-day simple moving average is $133.96.

Canadian Tire (OTCMKTS:CDNAF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

About Canadian Tire

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.