Canadian Tire (OTCMKTS:CDNAF) Trading Down 4.4% – Should You Sell?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) dropped 4.4% on Wednesday . The company traded as low as $136.26 and last traded at $136.26. Approximately 105 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 18,797 shares. The stock had previously closed at $142.5370.

Analyst Ratings Changes

CDNAF has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Monday, August 10th. Scotiabank reissued a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $205.00.

Canadian Tire Stock Down 4.4%

The stock’s 50-day moving average price is $140.37 and its 200-day moving average price is $136.89. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83. The stock has a market cap of $7.17 billion and a price-to-earnings ratio of 18.10.

Canadian Tire (OTCMKTS:CDNAF) last posted its quarterly earnings data on Thursday, August 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. Canadian Tire had a net margin of 4.09% and a return on equity of 10.89%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.03 billion.

About Canadian Tire

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.