Royal Bank Of Canada Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price objective lifted by analysts at Royal Bank Of Canada from C$218.00 to C$230.00 in a research note issued to investors on Sunday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.38% from the company’s current price.

CTC.A has been the subject of several other research reports. Scotia boosted their price objective on Canadian Tire from C$180.00 to C$200.00 and gave the company a “sector perform” rating in a research report on Friday. Desjardins raised their price objective on shares of Canadian Tire from C$200.00 to C$217.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. National Bank Financial dropped their target price on shares of Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Friday. BMO Capital Markets cut their price target on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Finally, Stifel Nicolaus increased their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the company a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$204.00.

Canadian Tire Price Performance

Shares of TSE:CTC.A traded down C$0.96 during trading on Friday, reaching C$199.34. The company had a trading volume of 185,374 shares, compared to its average volume of 227,980. The stock has a market capitalization of C$10.40 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. 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 has a 12 month low of C$159.20 and a 12 month high of C$208.08. The company has a fifty day moving average of C$195.11 and a two-hundred day moving average of C$188.21.

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