Canadian Tire (TSE:CTC.A) PT Set at C$215.00 by Stifel Nicolaus

Canadian Tire (TSE:CTC.A) received a C$215.00 price objective from research analysts at Stifel Nicolaus in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 20.25% from the company’s previous close.

Several other analysts also recently commented on CTC.A. BMO Capital Markets lowered their target price on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a report on Friday, May 15th. TD decreased their price objective on shares of Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a report on Friday, May 15th. National Bank Financial decreased their price objective on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada decreased their price objective on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, TD Securities raised their price objective on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Canadian Tire has an average rating of “Hold” and a consensus price target of C$199.44.

Canadian Tire Stock Down 1.1%

Shares of CTC.A stock traded down C$1.99 on Wednesday, hitting C$178.80. The stock had a trading volume of 79,349 shares, compared to its average volume of 247,769. The business has a 50 day moving average of C$185.38 and a 200 day moving average of C$180.35. The stock has a market cap of C$9.41 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.35 and a beta of 1.13. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 12-month low of C$158.18 and a 12-month high of C$202.46.

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