Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Consensus: Hold — Six brokerages cover Canadian Tire with an average rating of Hold (four Hold, two Buy) and an average 1‑year price target of C$195.75.
• Analysts have been raising targets and ratings recently, notably RBC to C$220 (Outperform), Desjardins to C$203 (Buy) and Scotiabank from Underperform to Sector Perform, signaling upward revisions.
• Shares traded around C$190.60 mid‑day with a market cap of C$10.05 billion; latest quarter showed EPS of C$4.47 and revenue of C$4.55 billion, with a PE of 19.71.

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has earned an average rating of "Hold" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$195.75.

CTC.A has been the topic of a number of research reports. Desjardins raised their price objective on Canadian Tire from C$190.00 to C$203.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Scotiabank raised shares of Canadian Tire from an "underperform" rating to a "sector perform" rating and raised their target price for the company from C$160.00 to C$180.00 in a research note on Friday, February 20th. Royal Bank Of Canada raised their target price on shares of Canadian Tire from C$211.00 to C$220.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities raised their target price on shares of Canadian Tire from C$194.00 to C$205.00 and gave the company a "hold" rating in a research note on Friday, February 20th. Finally, BMO Capital Markets raised their target price on shares of Canadian Tire from C$180.00 to C$194.00 and gave the company a "market perform" rating in a research note on Friday, February 20th.

Canadian Tire Trading Up 0.6%

TSE CTC.A traded up C$1.19 during mid-day trading on Thursday, reaching C$190.60. 42,732 shares of the stock were exchanged, compared to its average volume of 243,823. Canadian Tire has a 1-year low of C$156.95 and a 1-year high of C$202.46. The business's fifty day simple moving average is C$189.90 and its 200 day simple moving average is C$178.81. The stock has a market capitalization of C$10.05 billion, a PE ratio of 19.71, a PEG ratio of 0.35 and a beta of 1.17. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Canadian Tire (TSE:CTC.A - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The firm had revenue of C$4.55 billion for the quarter. On average, research analysts anticipate 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.

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