Canadian Tire (TSE:CTC.A) Price Target Raised to C$220.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Canadian Tire from C$211 to C$220 and kept an "outperform" rating, implying about a 15.23% upside from the stock's current price.
• Analyst sentiment is mixed: two analysts rate the stock a Buy and four rate it Hold, leaving a consensus rating of Hold with an average price target of C$195.75 after several recent target increases.
• Canadian Tire traded at C$190.92 (up 0.8%) with a market cap of C$10.06 billion, a P/E of 19.74, and reported quarterly EPS of C$4.47 on C$4.55 billion in revenue.

Canadian Tire (TSE:CTC.A - Get Free Report) had its price target lifted by analysts at Royal Bank Of Canada from C$211.00 to C$220.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 15.23% from the stock's current price.

Other equities analysts also recently issued research reports about the company. National Bank Financial increased their price objective on Canadian Tire from C$201.00 to C$211.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. Desjardins upped their price target on Canadian Tire from C$190.00 to C$203.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. BMO Capital Markets raised their price objective on Canadian Tire from C$180.00 to C$194.00 and gave the company a "market perform" rating in a research report on Friday, February 20th. TD Securities raised their price target on Canadian Tire from C$194.00 to C$205.00 and gave the company a "hold" rating in a report on Friday, February 20th. Finally, Scotiabank upgraded shares of Canadian Tire from an "underperform" rating to a "sector perform" rating and raised their price objective for the company from C$160.00 to C$180.00 in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$195.75.

Canadian Tire Trading Up 0.8%

TSE:CTC.A traded up C$1.51 during midday trading on Thursday, reaching C$190.92. 46,983 shares of the stock traded hands, compared to its average volume of 243,828. The stock has a market capitalization of C$10.06 billion, a P/E ratio of 19.74, a PEG ratio of 0.35 and a beta of 1.17. Canadian Tire has a 12 month low of C$156.95 and a 12 month high of C$202.46. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The company has a fifty day moving average of C$189.90 and a 200 day moving average of C$178.81.

Canadian Tire (TSE:CTC.A - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported C$4.47 EPS for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The business had revenue of C$4.55 billion during the quarter. On average, research analysts predict that Canadian Tire will post 13.638961 EPS for the current 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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