Canadian Tire (TSE:CTC) Stock Gets Price Target Bump from National Bank Financial

Key Points

• National Bank Financial raised Canadian Tire’s price target from C$209 to C$214 while maintaining a “sector perform” rating. The new target implies 2.82% downside from the prior close.
• Canadian Tire shares were flat at C$220.22, with a market capitalization of approximately C$11.49 billion and a 52-week trading range of C$200.01 to C$250.50.
• In its latest quarter, the company reported C$3.94 in earnings per share and C$4.30 billion in revenue; analysts expect full-year earnings of C$13.70 per share.

Canadian Tire (TSE:CTC - Get Free Report) had its target price lifted by investment analysts at National Bank Financial from C$209.00 to C$214.00 in a report released on Monday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price target indicates a potential downside of 2.82% from the company's previous close.

Canadian Tire Price Performance

Shares of Canadian Tire stock remained flat at C$220.22 on Monday. The stock had a trading volume of 572 shares, compared to its average volume of 505. Canadian Tire has a 52 week low of C$200.01 and a 52 week high of C$250.50. The company has a fifty day moving average price of C$210.33 and a 200 day moving average price of C$215.07. The company has a current ratio of 1.88, a quick ratio of 1.15 and a debt-to-equity ratio of 141.64. The firm has a market capitalization of C$11.49 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.77.

Canadian Tire (TSE:CTC - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported C$3.94 earnings per share for the quarter. The business had revenue of C$4.30 billion during the quarter. Canadian Tire had a return on equity of 11.53% and a net margin of 4.11%. As a group, equities analysts predict that Canadian Tire will post 13.70 earnings per share for the current fiscal 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.

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