Canadian Tire (TSE:CTC.A) Hits New 52-Week High - Should You Buy?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$187.52 and last traded at C$187.43, with a volume of 10641 shares traded. The stock had previously closed at C$185.12.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets upped their target price on Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Jefferies Financial Group upped their target price on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. Desjardins upped their target price on Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, TD Securities upped their target price on Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$171.25.

Canadian Tire Stock Performance

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 firm has a fifty day moving average price of C$174.70 and a 200 day moving average price of C$159.39. The stock has a market cap of C$9.87 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

Insider Activity

In other news, Director Steve Frazier bought 450 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of C$178.77 per share, with a total value of C$80,447.09. 1.90% of the stock is currently owned by insiders.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.