Canadian Tire Co. Limited (TSE:CTC.A) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$199.44.

Several research firms have recently issued reports on CTC.A. Desjardins decreased their target price on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, May 15th. National Bank Financial cut their price target on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets reduced their price objective on shares of 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. Stifel Nicolaus set a C$215.00 price objective on shares of Canadian Tire and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada lowered their target price on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research note on Friday, May 15th.

Canadian Tire Stock Up 0.5%

TSE:CTC.A opened at C$196.31 on Friday. Canadian Tire has a 12-month low of C$158.18 and a 12-month high of C$202.46. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The firm has a market capitalization of C$10.33 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.35 and a beta of 1.13. The stock’s fifty day simple moving average is C$184.20 and its 200-day simple moving average is C$182.81.

Canadian Tire (TSE:CTC.A) last released its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 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 expect that Canadian Tire will post 13.638961 earnings per share for the current year.

About Canadian Tire

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.