National Bank Financial Increases Canadian Tire (TSE:CTC.A) Price Target to C$210.00

Canadian Tire (TSE:CTC.A) had its target price increased by equities research analysts at National Bank Financial from C$205.00 to C$210.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 3.60% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus set a C$215.00 target price on Canadian Tire and gave the company a “buy” rating in a research report on Wednesday, June 10th. BMO Capital Markets reduced their price target on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Desjardins decreased their price objective on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada lowered their price objective on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, TD boosted their target price on shares of Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$201.11.

Canadian Tire Stock Performance

Shares of TSE CTC.A traded down C$3.93 during midday trading on Thursday, reaching C$202.70. The company’s stock had a trading volume of 37,902 shares, compared to its average volume of 227,366. The stock has a market capitalization of C$10.66 billion, a P/E ratio of 18.39, a PEG ratio of 0.35 and a beta of 1.04. 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 firm has a 50 day moving average price of C$191.50 and a 200-day moving average price of C$186.94. Canadian Tire has a 12-month low of C$158.18 and a 12-month high of C$208.08.

Canadian Tire (TSE:CTC.A) last issued its quarterly 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 return on equity of 7.45% and a net margin of 2.33%. As a group, equities analysts predict 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.