Canadian Tire (TSE:CTC) Upgraded by Stifel Nicolaus to Strong-Buy Rating

Canadian Tire (TSE:CTC) was upgraded by Stifel Nicolaus to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, Scotiabank upgraded Canadian Tire from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Canadian Tire Stock Performance

CTC opened at C$210.00 on Tuesday. The company has a market cap of C$11.05 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.69. The stock has a 50-day moving average of C$217.18 and a 200-day moving average of C$220.11. Canadian Tire has a 52-week low of C$200.01 and a 52-week high of C$274.01. The company has a debt-to-equity ratio of 133.63, a quick ratio of 1.15 and a current ratio of 1.74.

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.