Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Canadian Tire has a consensus analyst recommendation of Hold from six firms (five holds, one buy) with an average 12‑month target price of $205.
• Recent analyst activity is mixed: RBC reiterated an Outperform, Scotiabank upgraded to Sector Perform, while TD, BMO and CIBC maintained hold/neutral ratings.
• Shares traded around $139.94, implying a market cap of $7.41 billion and a P/E of 43.6, with a 1‑year range of $102.83–$152.90.

Canadian Tire Co., Limited (OTCMKTS:CDNAF - Get Free Report) has received a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $205.00.

CDNAF has been the topic of a number of recent research reports. Royal Bank Of Canada restated an "outperform" rating on shares of Canadian Tire in a research note on Thursday. TD Securities reiterated a "hold" rating and set a $205.00 price target on shares of Canadian Tire in a research report on Friday, February 20th. BMO Capital Markets reissued a "market perform" rating on shares of Canadian Tire in a report on Friday, February 20th. Scotiabank raised Canadian Tire from an "underperform" rating to a "sector perform" rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Canadian Tire in a report on Friday, February 20th.

Canadian Tire Stock Performance

Canadian Tire stock traded up $0.72 during trading hours on Thursday, hitting $139.94. 112 shares of the stock traded hands, compared to its average volume of 19,240. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.44. The firm's 50 day moving average price is $138.42 and its 200-day moving average price is $129.54. The stock has a market capitalization of $7.41 billion and a price-to-earnings ratio of 43.59. Canadian Tire has a 1 year low of $102.83 and a 1 year high of $152.90.

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.

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