Canadian Tire (TSE:CTC) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Canadian Tire Co., Limited (TSE:CTC) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$212.71 and traded as high as C$220.95. Canadian Tire shares last traded at C$220.95, with a volume of 445 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upgraded shares of Canadian Tire to a “strong-buy” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Canadian Tire Stock Performance

The company has a debt-to-equity ratio of 133.63, a current ratio of 1.74 and a quick ratio of 1.15. The stock has a market capitalization of C$11.84 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.69. The company has a fifty day moving average of C$212.91 and a two-hundred day moving average of C$216.14.

Canadian Tire (TSE:CTC) last released 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 for the quarter. Canadian Tire had a return on equity of 10.24% and a net margin of 3.65%. On average, equities analysts anticipate that Canadian Tire Co., Limited will post 13.6961722 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.