TSE:CTC.A

Canadian Tire Stock Forecast, Price & News

C$162.40

-1.57 (-0.96%)

(As of 06/30/2022 12:00 AM ET)

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Today's Range: C$160.53
▼
C$163.42
50-Day Range: C$161.26
▼
C$182.40
52-Week Range: C$159.36
▼
C$206.97

Volume: 163,900 shs
Average Volume: 211,329 shs
Market Capitalization: C$9.11 billion

P/E Ratio: 8.56
Dividend Yield: 3.23%
Price Target: C$227.80

Canadian Tire Stock Forecast (MarketRank)

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 40.3% Upside
C$227.80 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.08
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.15 out of 5 stars

3.4 Analyst's Opinion

Consensus Rating
Canadian Tire has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$227.80, Canadian Tire has a forecasted upside of 40.3% from its current price of C$162.40.
Amount of Analyst Coverage
Canadian Tire has only been the subject of 3 research reports in the past 90 days.

0.0 Short Interest

Short Interest
There is no current short interest data available for CTC.A.

1.7 Dividend Strength

Dividend Yield
Canadian Tire pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canadian Tire does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Tire is 28.46%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTC.A.

2.3 News and Social Media Coverage

News Sentiment
Canadian Tire has a news sentiment score of 0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.29 average news sentiment score of Consumer Cyclical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Canadian Tire this week, compared to 1 article on an average week.
Search Interest
12 people have searched for CTC.A on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Canadian Tire to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Tire insiders have not sold or bought any company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Tire is 8.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 61.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Tire is 8.56, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 222.55.
Price to Earnings Growth Ratio
Canadian Tire has a PEG Ratio of 0.36. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Canadian Tire has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Canadian Tire (TSE:CTC.A)

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.

July 2, 2022 | theglobeandmail.com

Canadian Tire Corp Cl A NV stock slipped on Thursday.

June 28, 2022 | theglobeandmail.com

Canadian Tire Corp Cl A NV stock advanced on Monday.

June 23, 2022 | ca.finance.yahoo.com

TFSA Investors: 2 Stocks to Protect Your Wealth From Sky-High Inflation

June 18, 2022 | theglobeandmail.com

Canadian Tire Corp Cl A NV stock advanced on Friday.

June 17, 2022 | nasdaq.com

Canadian Tire Stock Seems Overvalued Despite Analysts’ Bullishness

June 17, 2022 | americanbankingnews.com

Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$226.91

June 15, 2022 | msn.com

Terence Corcoran: Canadian Tire — 100 years of retail triumph

June 7, 2022 | fool.ca

2 Great Investments to Buy in June 2022

May 27, 2022 | nasdaq.com

TSX Ends Higher For 6th Straight Session

May 20, 2022 | msn.com

1 Cheap Canadian Stock I’d Buy Over Shopify

May 13, 2022 | fool.ca

Beginners: 2 Bargain-Basement Stocks I’d Buy Now

May 13, 2022 | fool.ca

Canadian Tire Stock Rises on Strong Profit: Dividend Boost

May 12, 2022 | seekingalpha.com

Canadian Tire Corporation, Limited (CDNTF) CEO Greg Hicks on Q1 2022 Results - Earnings Call Transcript

May 11, 2022 | nasdaq.com

TSX Ends Lower For 5th Straight Session

May 10, 2022 | baystreet.ca

Stocks Set to Open Higher, For a Change

April 22, 2022 | nasdaq.com

Canadian Market Down Sharply On All-round Selling; TSX Down Nearly 2%

April 22, 2022 | msn.com

TFSA Investors: Buy Canadian Tire Stock for the Value. Stay for the Dividend

April 18, 2022 | ca.finance.yahoo.com

Should You Buy Canadian Tire (TSX:CTC.A) Stock at These Levels?

April 15, 2022 | theglobeandmail.com

Canadian Tire, Loblaw pay executives millions in bonuses after pandemic successes

April 12, 2022 | msn.com

Why You Really Should Buy Canadian Tire (TSX:CTC.A)

April 5, 2022 | ca.finance.yahoo.com

Canadian Tire Corporation's (TSE:CTC.A) investors will be pleased with their decent 38% return over the last three years

April 5, 2022 | msn.com

Backstreet Boys coming to the CTC Sept. 1

March 21, 2022 | msn.com

3 Great Buys if You Know Where to Look!

March 12, 2022 | theglobeandmail.com

Canadian Tire spending $3.4-billion over four years to expand products, bolster operations

March 10, 2022 | msn.com

Canadian Tire unveils $3.4-billion plan to improve customer experience, drive growth

See More Headlines

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Specialty Retail
Sub-Industry: N/A
Sector: Consumer Cyclical
Current Symbol: TSE:CTC.A
CUSIP: N/A
CIK: N/A
Web: www.canadiantire.ca
Phone: +1-416-4808725
Fax: N/A
Employees: 13,735
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$227.80
High Stock Price Forecast: C$273.00
Low Stock Price Forecast: C$184.00
Forecasted Upside/Downside: +40.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.875
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 8.56
Forward P/E Ratio: 8.11
P/E Growth: 0.36
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 161.39
Current Ratio: 1.82
Quick Ratio: 1.33

Sales & Book Value

Annual Sales: C$16.81 billion
Price / Sales: 0.54
Cash Flow: C$21.92 per share
Price / Cash Flow: 7.41
Book Value: C$87.23 per share
Price / Book: 1.86

Miscellaneous

Outstanding Shares: 56,125,800
Free Float: N/A
Market Cap: C$9.11 billion
Optionable: Not Optionable
Beta: N/A

Canadian Tire Frequently Asked Questions

Should I buy or sell Canadian Tire stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Tire in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Canadian Tire stock.
View analyst ratings for Canadian Tire or view top-rated stocks.
What is Canadian Tire's stock price forecast for 2022?: 8 Wall Street research analysts have issued 1 year price objectives for Canadian Tire's shares. Their CTC.A stock forecasts range from C$184.00 to C$273.00. On average, they anticipate Canadian Tire's share price to reach C$227.80 in the next year. This suggests a possible upside of 40.3% from the stock's current price.
View analysts' price targets for Canadian Tire or view top-rated stocks among Wall Street analysts.
How has Canadian Tire's stock performed in 2022?: Canadian Tire's stock was trading at C$181.44 on January 1st, 2022. Since then, CTC.A shares have decreased by 10.5% and is now trading at C$162.40.
View the best growth stocks for 2022 here.
Is Canadian Tire a good dividend stock?: Canadian Tire(TSE:CTC.A) pays an annual dividend of C$5.40 per share and currently has a dividend yield of 3.23%. The dividend payout ratio of Canadian Tire is 28.46%. This payout ratio is at a healthy, sustainable level, below 75%.
View Canadian Tire's dividend history.
Who are Canadian Tire's key executives?: Canadian Tire's management team includes the following people:
Mr. Stephen G. Wetmore, CEO, Pres & Non-Independent Director (Age 66)
Mr. Dean Charles McCann, Exec. VP & CFO (Age 60)
Mr. James R. Christie, Exec. VP, Strategic Advisor & Gen. Counsel
Mr. Allan Angus MacDonald, Exec. Vice-Pres of Retail
Mr. Mahes S. Wickramasinghe, Exec. VP of International & Chief Corp. Officer (Age 61)

Who are some of Canadian Tire's key competitors?: Some companies that are related to Canadian Tire include Zalando (ZAL), Frasers Group (FRAS), Sports Direct International (SPD), WH Smith (SMWH), Dunelm Group (DNLM), Pets at Home Group (PETS), THG (THG), Sleep Country Canada (ZZZ), ASOS (ASC), Moonpig Group (MOON), boohoo group (BOO), 4imprint Group (FOUR), Applegreen (APGN), BMTC Group (GBT) and DFS Furniture (DFS).
View all of CTC.A's competitors.
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 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$162.40.
How much money does Canadian Tire make?: Canadian Tire (TSE:CTC.A) has a market capitalization of C$9.11 billion and generates C$16.81 billion in revenue each year.
How many employees does Canadian Tire have?: Canadian Tire 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 Canadian Tire is www.canadiantire.ca. The company can be reached via phone at +1-416-4808725.

This page (TSE:CTC.A) was last updated on 7/2/2022 by MarketBeat.com Staff

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Canadian Tire Stock Forecast, Price & News

Canadian Tire Stock Forecast (MarketRank)

Overall MarketRank™

3.4 Analyst's Opinion

0.0 Short Interest

Short Interest

1.7 Dividend Strength

0.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

2.3 News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

0.0 Company Ownership

2.5 Earnings and Valuation

Receive CTC.A Stock News and Ratings via Email

About Canadian Tire (TSE:CTC.A)

CTC.A Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Canadian Tire Frequently Asked Questions

Should I buy or sell Canadian Tire stock right now?

What is Canadian Tire's stock price forecast for 2022?

How has Canadian Tire's stock performed in 2022?

Is Canadian Tire a good dividend stock?

Who are Canadian Tire's key executives?

Who are some of Canadian Tire's key competitors?

What is Canadian Tire's stock symbol?

How do I buy shares of Canadian Tire?

What is Canadian Tire's stock price today?

How much money does Canadian Tire make?

How many employees does Canadian Tire have?

How can I contact Canadian Tire?

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