Canadian Tire (TSE:CTC.A) Price Target Cut to C$205.00 by Analysts at National Bank Financial

Canadian Tire (TSE:CTC.A) had its target price lowered by National Bank Financial from C$211.00 to C$205.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

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

Canadian Tire Trading Down 2.3%

Canadian Tire stock opened at C$170.92 on Friday. 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 company has a market capitalization of C$9.01 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.35 and a beta of 1.17. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46. The company’s fifty day moving average price is C$188.62 and its two-hundred day moving average price is C$179.22.

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

Canadian Tire Company Profile

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.