Canadian Tire (TSE:CTC.A) Price Target Raised to C$230.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Canadian Tire’s price target to C$230 from C$218 and maintained an “outperform” rating, implying 15.38% upside from the reported C$199.34 share price.
• Analyst sentiment remains mixed: three analysts rate the stock “buy” and six rate it “hold,” resulting in a consensus “hold” rating and average target of C$204.00.
• Canadian Tire reported quarterly revenue of C$3.57 billion and EPS of C$2.02, while its shares traded within a C$159.20–C$208.08 52-week range and carried a market capitalization of about C$10.40 billion.

Canadian Tire (TSE:CTC.A - Get Free Report) had its price objective upped by stock analysts at Royal Bank Of Canada from C$218.00 to C$230.00 in a report issued on Sunday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 15.38% from the company's current price.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus upped their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the company a "buy" rating in a research note on Friday. Jefferies Financial Group raised their price objective on Canadian Tire from C$179.00 to C$199.00 in a research note on Friday. Scotia boosted their target price on shares of Canadian Tire from C$180.00 to C$200.00 and gave the stock a "sector perform" rating in a research report on Friday. TD raised their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Finally, Desjardins upped their price objective on Canadian Tire from C$200.00 to C$217.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Canadian Tire has a consensus rating of "Hold" and a consensus target price of C$204.00.

Canadian Tire Price Performance

TSE CTC.A traded down C$0.96 on Friday, hitting C$199.34. 185,374 shares of the company's stock were exchanged, compared to its average volume of 227,980. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 52 week low of C$159.20 and a 52 week high of C$208.08. The stock has a market cap of C$10.40 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 0.35 and a beta of 1.04. The stock has a 50-day moving average of C$195.11 and a 200-day moving average of C$188.21.

Canadian Tire (TSE:CTC.A - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$2.02 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$3.57 billion during the quarter. Analysts expect that Canadian Tire will post 13.638961 earnings per share for the current year.

Trending Headlines about Canadian Tire

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Stifel Nicolaus issued the most bullish revision, raising its price target from C$115 to C$220 and assigning a “buy” rating. The new target implies approximately 11% potential upside and may support investor confidence. BayStreet.CA analyst ratings
• Positive Sentiment: Second-quarter profit and revenue rose year over year, indicating that Canadian Tire is continuing to grow despite a challenging consumer environment. Automotive sales reportedly increased for the 24th consecutive quarter, providing an important earnings catalyst. Canadian Tire reports second-quarter profit and revenue up Canadian Tire automotive sales growth
• Positive Sentiment: Desjardins forecast strong price appreciation for CTC.A, adding to the constructive analyst outlook following the quarterly report. Desjardins forecast for Canadian Tire
• Neutral Sentiment: National Bank Financial lowered its target modestly to C$209 and maintained a “sector perform” rating, suggesting limited near-term upside but no major deterioration in its outlook. National Bank Financial analyst rating
• Neutral Sentiment: Scotia raised its target to C$200 and Jefferies lifted its target to C$199, but both revisions leave little implied upside and reflect a relatively cautious view of valuation. Scotia and Jefferies analyst ratings
• Negative Sentiment: Retail sales declined 0.8%, highlighting pressure in the broader retail business. Management also described consumer sentiment as soft amid trade-war and tariff concerns, which could weigh on discretionary spending, margins and future growth. Canadian Tire consumer sentiment and tariffs

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest workforces - employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark's, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source