Canadian Tire (TSE:CTC.A) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Canadian Tire shares crossed above their 200-day moving average (200‑day MA C$175.44), trading as high as C$192.45 and last at C$189.79 on volume of 133,236.
• Several analysts raised price targets on Feb. 20 (new targets ranged roughly C$180–C$211), but the MarketBeat consensus remains a Hold with an average target of C$192.29.
• The company reported quarterly EPS of C$4.47 on C$4.55 billion of revenue; valuation figures include a market cap of C$10.0 billion and a P/E of 19.63.

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$175.44 and traded as high as C$192.45. Canadian Tire shares last traded at C$189.79, with a volume of 133,236 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CTC.A shares. National Bank Financial raised their price target on shares of Canadian Tire from C$201.00 to C$211.00 and gave the stock a "sector perform" rating in a research report on Friday, February 20th. BMO Capital Markets raised their price target on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a "market perform" rating in a research report on Friday, February 20th. Scotiabank raised shares of Canadian Tire from an "underperform" rating to a "sector perform" rating and raised their price target for the stock from C$160.00 to C$180.00 in a research report on Friday, February 20th. TD Securities raised their price target on shares of 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. Finally, Desjardins raised their price target on shares of Canadian Tire from C$190.00 to C$203.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$192.29.

Canadian Tire Stock Down 1.2%

The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$10.00 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 0.35 and a beta of 1.09. The business's 50-day simple moving average is C$184.38 and its 200-day simple moving average is C$175.44.

Canadian Tire (TSE:CTC.A - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share (EPS) for the quarter. The company had revenue of C$4.55 billion during the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. As a group, equities research analysts anticipate that Canadian Tire Co. Limited will post 13.638961 EPS for the current fiscal year.

Canadian Tire Company Profile

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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