Canadian Tire (TSE:CTC.A) Sets New 52-Week High - What's Next?

Key Points

• 52-week high: Canadian Tire traded up to C$197.91 (last C$197.33) as several analysts raised price targets—some as high as C$211—though the MarketBeat consensus remains a "Hold" with a C$192.29 target.
• Recent results and valuation: The company reported quarterly EPS of C$4.47 on C$4.55 billion of revenue, with a market cap of C$10.37 billion, a P/E of 20.35 and a PEG of 0.35.
• Financial position: Liquidity appears adequate (current ratio 1.79, quick ratio 1.15) but leverage is high with a debt-to-equity ratio of 173.58, which may concern some investors.

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$197.91 and last traded at C$197.33, with a volume of 65172 shares traded. The stock had previously closed at C$193.89.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CTC.A shares. BMO Capital Markets boosted their target price 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. 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. National Bank Financial increased their target price on Canadian Tire from C$201.00 to C$211.00 and gave the company a "sector perform" rating in a research report on Friday, February 20th. Scotiabank upgraded Canadian Tire from an "underperform" rating to a "sector perform" rating and lifted their price target for the company from C$160.00 to C$180.00 in a report on Friday, February 20th. Finally, TD Securities upped their price target on Canadian Tire from C$194.00 to C$205.00 and gave the stock a "hold" rating in a research report on Friday, February 20th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$192.29.

Canadian Tire Price Performance

The firm has a 50-day simple moving average of C$184.80 and a two-hundred day simple moving average of C$175.57. The company has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 0.35 and a beta of 1.09. 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 (TSE:CTC.A - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The company had revenue of C$4.55 billion for the quarter. As a group, analysts predict that Canadian Tire Co. Limited 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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