Canadian Tire (TSE:CTC) Stock Falls 3.3% – Time to Sell?

Canadian Tire Co., Limited (TSE:CTC)’s stock price dropped 3.3% during mid-day trading on Tuesday. The stock traded as low as C$203.00 and last traded at C$203.00. 337 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 523 shares. The stock had previously closed at C$210.00.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upgraded Canadian Tire to a “strong-buy” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Canadian Tire currently has a consensus rating of “Buy”.

Canadian Tire Stock Down 3.3%

The company has a debt-to-equity ratio of 141.64, a current ratio of 1.88 and a quick ratio of 1.15. The firm has a market capitalization of C$10.59 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.49 and a beta of 0.70. The company’s 50-day simple moving average is C$214.43 and its two-hundred day simple moving average is C$215.09.

Canadian Tire (TSE:CTC) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$3.94 earnings per share (EPS) for the quarter. Canadian Tire had a net margin of 4.11% and a return on equity of 11.53%. The firm had revenue of C$4.30 billion during the quarter. As a group, research analysts expect that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current year.

About Canadian Tire

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.