Canadian Tire (TSE:CTC) Stock Price Down 3.2% - What's Next?

Key Points

• Shares of Canadian Tire (TSE:CTC) are down 3.2%, trading around C$243.00, following a low of C$240.00 during midday trading.
• The stock has a market capitalization of C$9.30 billion and a price-to-earnings ratio of 13.95, indicating potential valuation considerations for investors.
• Canadian Tire operates a diverse range of businesses including retail and financial services, and has established a significant presence in the Canadian market since 1922.

Canadian Tire Co., Limited (TSE:CTC - Get Free Report)'s stock price traded down 3.2% on Friday . The stock traded as low as C$240.00 and last traded at C$243.00. 966 shares were traded during trading, an increase of 89% from the average session volume of 510 shares. The stock had previously closed at C$251.00.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets cut Canadian Tire from a "strong-buy" rating to a "hold" rating in a report on Friday. TD Securities cut Canadian Tire from a "strong-buy" rating to a "hold" rating in a research note on Friday.

Canadian Tire Stock Performance

The firm has a 50 day moving average price of C$258.47 and a two-hundred day moving average price of C$235.81. The company has a market cap of C$9.30 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.49 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 150.68.

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.