TSE:CTC.A Canadian Tire (CTC.A) Stock Forecast, Price & News C$168.29 +4.14 (+2.52%) (As of 06/2/2023 ET) Add Compare Share Share Today's RangeC$165.34▼C$168.6450-Day RangeC$163.06▼C$183.8252-Week RangeC$139.24▼C$185.89Volume197,842 shsAverage Volume261,591 shsMarket CapitalizationC$8.97 billionP/E Ratio11.16Dividend Yield4.10%Price TargetC$204.88 ProfileProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial Media Canadian Tire MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside21.7% UpsideC$204.88 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 2.5 Analyst's Opinion Consensus RatingCanadian Tire has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$204.88, Canadian Tire has a forecasted upside of 21.7% from its current price of C$168.29.Amount of Analyst CoverageCanadian Tire has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CTC.A. Previous Next 2.5 Dividend Strength Dividend LeadershipCanadian Tire is a leading dividend payer. It pays a dividend yield of 4.20%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Tire does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Tire is 45.76%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CTC.A. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Canadian Tire this week, compared to 2 articles on an average week.Search Interest9 people have searched for CTC.A on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.MarketBeat Follows3 people have added Canadian Tire to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Tire insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.87% of the stock of Canadian Tire is held by insiders.Percentage Held by InstitutionsOnly 32.41% of the stock of Canadian Tire is held by institutions. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Tire is 11.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.20.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Tire is 11.16, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 422.38.Price to Earnings Growth RatioCanadian Tire has a PEG Ratio of 0.37. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCanadian Tire has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canadian Tire (TSE:CTC.A) StockCanadian 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.Read More Receive CTC.A Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Tire and its competitors with MarketBeat's FREE daily newsletter. Email Address CTC.A Stock News HeadlinesMay 31, 2023 | theglobeandmail.comBullish on Canadian Tire Corp. LtdMay 17, 2023 | theglobeandmail.comClosing Bell: Canadian Tire Corp Ltd flat on Monday (CTC)June 4, 2023 | Behind the Markets (Ad)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.May 17, 2023 | msn.comForget King Charles: 3 Canadian Stocks with Serious Royalty StatusMay 15, 2023 | msn.comCalgary-based robotics firm Attabotics sues Canadian Tire alleging damages after fireMay 11, 2023 | ca.finance.yahoo.comCanadian Tire profit hit by weather, fire and spending slowdownMay 11, 2023 | msn.comCanadian Consumer Stocks: Invest in Brands That People LoveMay 11, 2023 | theglobeandmail.comCanadian Tire reports first-quarter profit and revenue down from year agoJune 4, 2023 | Behind the Markets (Ad)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.May 11, 2023 | theglobeandmail.comCanadian Tire first-quarter profit hit by costs from fire at key distribution centreMay 11, 2023 | finance.yahoo.comCanadian Tire Corporation Reports First Quarter 2023 ResultsMay 11, 2023 | msn.comCanadian Tire Gains Traction: Retail Resilience in a Digital WorldMay 10, 2023 | businesswire.comAttabotics Issues Statement of Claim Against Canadian TireMay 10, 2023 | americanbankingnews.comBrokerages Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$204.88May 5, 2023 | americanbankingnews.comCanadian Tire (TSE:CTC.A) PT Lowered to C$202.00 at Canaccord Genuity GroupMay 4, 2023 | msn.com2 Canadian Value Stocks for Long-Term InvestorsMay 4, 2023 | baystreet.caCanadian Tire Gas Stations To Be Rebranded As Petro-Canada OutletsMay 4, 2023 | americanbankingnews.comCanadian Tire (TSE:CTC.A) PT Raised to C$200.00May 3, 2023 | baystreet.caCanadian Tire Buys Leases From Bankrupt Retailer Bed Bath & BeyondMay 3, 2023 | theglobeandmail.comClosing Bell: Canadian Tire Corp Ltd down on Monday (CTC)May 2, 2023 | theglobeandmail.comCanadian Tire to acquire 10 Bed Bath & Beyond leases for $1.6-millionMay 2, 2023 | seekingalpha.comCanadian Tire Corporation: A Stable Dividend GrowerMay 1, 2023 | msn.comHere’s My #1 Canadian Growth Stock Pick to Buy for May 2023April 28, 2023 | theglobeandmail.comClosing Bell: Canadian Tire Corp Cl A NV down on Friday (CTC-A)April 27, 2023 | ca.finance.yahoo.comMedia Advisory - Canadian Tire Corporation Annual Meeting of Shareholders and First Quarter 2023 ResultsApril 26, 2023 | yahoo.comCanadian Tire's biggest sale of the season ends tonight — save up to 80% on kitchen, outdoor & moreApril 26, 2023 | marketwatch.comCanadian Tire Corp. Ltd. Cl A stock rises Monday, outperforms marketSee More Headlines CTC.A Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Industry, Sector and Symbol Stock ExchangeTSE Industry Specialty Retail Sub-IndustryN/A SectorConsumer Cyclical Current SymbolTSE:CTC.A CUSIPN/A CIKN/A Webwww.canadiantire.ca Phone+1-416-4808725FaxN/AEmployees13,735Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$204.88 High Stock Price ForecastC$225.00 Low Stock Price ForecastC$195.00 Forecasted Upside/Downside+21.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)C$15.08 Trailing P/E Ratio11.16 Forward P/E Ratio9.82 P/E Growth0.37Net IncomeC$987.30 million Net Margins5.58% Pretax MarginN/A Return on Equity15.90% Return on Assets5.14% Debt Debt-to-Equity Ratio163.46 Current Ratio1.56 Quick Ratio1.15 Sales & Book Value Annual SalesC$17.68 billion Price / Sales0.51 Cash FlowC$9.41 per share Price / Cash Flow17.89 Book ValueC$93.12 per share Price / Book1.81Miscellaneous Outstanding Shares53,310,000Free FloatN/AMarket CapC$8.97 billion OptionableNot Optionable Beta1.25 Key ExecutivesMr. Stephen G. Wetmore (Age 66)CEO, Pres & Non-Independent Director Mr. Dean Charles McCann (Age 60)Exec. VP & CFO Mr. James R. ChristieExec. VP, Strategic Advisor & Gen. CounselMr. Allan Angus MacDonaldExec. Vice-Pres of RetailMr. Mahes S. Wickramasinghe (Age 61)Exec. VP of International & Chief Corp. Officer Key CompetitorsCCL IndustriesTSE:CCL.BBoyd Group ServicesTSE:BYDBoyd Group Income FundTSE:BYD.UNAritziaTSE:ATZWinpakTSE:WPKView All CompetitorsInsidersSteve FrazierBought 700 shares on 2/21/2023Total: C$88,328.03 ($126.18/share)View All Insider Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canadian Tire Co. Limited Please log in to your account or sign up in order to add this asset to your watchlist. 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