TD Lowers Canadian Tire (TSE:CTC.A) Price Target to C$200.00

Canadian Tire (TSE:CTC.A) had its price target reduced by stock analysts at TD from C$205.00 to C$200.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s target price indicates a potential upside of 17.82% from the company’s previous close.

Several other analysts also recently issued reports on the company. Desjardins cut their price objective on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday. Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their target price for the company from C$160.00 to C$180.00 in a report on Friday, February 20th. Royal Bank Of Canada dropped their target price on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a report on Friday. National Bank Financial dropped their target price on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, BMO Capital Markets dropped their target price on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a report on Friday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and a consensus price target of C$197.50.

Canadian Tire Trading Down 3.0%

TSE CTC.A traded down C$5.20 on Friday, hitting C$169.75. 124,284 shares of the company were exchanged, compared to its average volume of 247,115. The company’s 50 day moving average price is C$189.09 and its 200-day moving average price is C$179.28. 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 market capitalization of C$8.95 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 0.35 and a beta of 1.17. Canadian Tire has a twelve month low of C$158.18 and a twelve month high of C$202.46.

Canadian Tire (TSE:CTC.A) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share (EPS) for the quarter. The firm had revenue of C$3.57 billion for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. Analysts predict that Canadian Tire will post 13.638961 earnings per share for the current fiscal 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.