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Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Here's something only a handful of people know (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Here's something only a handful of people know (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
US, UK navies say they respond to distress call as Iran's Revolutionary Guard 'harassed' ship
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Here's something only a handful of people know (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Here's something only a handful of people know (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
US, UK navies say they respond to distress call as Iran's Revolutionary Guard 'harassed' ship
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Here's something only a handful of people know (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Here's something only a handful of people know (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
US, UK navies say they respond to distress call as Iran's Revolutionary Guard 'harassed' ship
TSE:CTC.A

Canadian Tire (CTC.A) Stock Forecast, Price & News

C$168.29
+4.14 (+2.52%)
(As of 06/2/2023 ET)
Compare
Today's Range
C$165.34
C$168.64
50-Day Range
C$163.06
C$183.82
52-Week Range
C$139.24
C$185.89
Volume
197,842 shs
Average Volume
261,591 shs
Market Capitalization
C$8.97 billion
P/E Ratio
11.16
Dividend Yield
4.10%
Price Target
C$204.88

Canadian Tire MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.7% Upside
C$204.88 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars


CTC.A stock logo

About Canadian Tire (TSE:CTC.A) Stock

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. This segment also participates in loyalty programs, as well as sells its products online. The CT REIT segment operates as a closed-end real estate investment trust that holds a portfolio of properties comprising Canadian Tire stores, Canadian Tire anchored retail developments, mixed-use commercial property, and distribution centers. The Financial Services segment provides financial and other ancillary products and services, including credit cards, in-store financing, insurance products, and retail and broker deposits; and savings accounts and guaranteed investment certificates. The company was founded in 1922 and is headquartered in Toronto, Canada.

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CTC.A Stock News Headlines

Bullish on Canadian Tire Corp. Ltd
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Canadian Tire (TSE:CTC.A) PT Raised to C$200.00
See More Headlines

CTC.A Price History

Industry, Sector and Symbol

Industry
Specialty Retail
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
13,735
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$204.88
High Stock Price Forecast
C$225.00
Low Stock Price Forecast
C$195.00
Forecasted Upside/Downside
+21.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
C$987.30 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$17.68 billion
Cash Flow
C$9.41 per share
Book Value
C$93.12 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.97 billion
Optionable
Not Optionable
Beta
1.25

Key Executives

  • Mr. Stephen G. Wetmore (Age 66)
    CEO, Pres & Non-Independent Director
  • Mr. Dean Charles McCann (Age 60)
    Exec. VP & CFO
  • Mr. James R. Christie
    Exec. VP, Strategic Advisor & Gen. Counsel
  • Mr. Allan Angus MacDonald
    Exec. Vice-Pres of Retail
  • Mr. Mahes S. Wickramasinghe (Age 61)
    Exec. VP of International & Chief Corp. Officer













CTC.A Stock - Frequently Asked Questions

Should I buy or sell Canadian Tire stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Tire in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTC.A shares.
View CTC.A analyst ratings
or view top-rated stocks.

What is Canadian Tire's stock price forecast for 2023?

5 brokerages have issued 12-month price targets for Canadian Tire's shares. Their CTC.A share price forecasts range from C$195.00 to C$225.00. On average, they predict the company's stock price to reach C$204.88 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
View analysts price targets for CTC.A
or view top-rated stocks among Wall Street analysts.

How have CTC.A shares performed in 2023?

Canadian Tire's stock was trading at C$141.50 at the start of the year. Since then, CTC.A shares have increased by 18.9% and is now trading at C$168.29.
View the best growth stocks for 2023 here
.

Is Canadian Tire a good dividend stock?

Canadian Tire (TSE:CTC.A) pays an annual dividend of C$6.90 per share and currently has a dividend yield of 4.20%. CTC.A has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.76%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CTC.A.

What is Canadian Tire's stock symbol?

Canadian Tire trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CTC.A."

How do I buy shares of Canadian Tire?

Shares of CTC.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Canadian Tire's stock price today?

One share of CTC.A stock can currently be purchased for approximately C$168.29.

How much money does Canadian Tire make?

Canadian Tire (TSE:CTC.A) has a market capitalization of C$8.97 billion and generates C$17.68 billion in revenue each year. The company earns C$987.30 million in net income (profit) each year or C$15.08 on an earnings per share basis.

How many employees does Canadian Tire have?

The company employs 13,735 workers across the globe.

How can I contact Canadian Tire?

Canadian Tire's mailing address is 2180 Yonge Street, Stn K PO Box 770, TORONTO, ON M4P 2V8, Canada. The official website for the company is www.canadiantire.ca. The company can be reached via phone at +1-416-4808725.

This page (TSE:CTC.A) was last updated on 6/4/2023 by MarketBeat.com Staff

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