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

Profile Analyst Ratings Chart Competitors Insider Trades Headlines Social Media

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

2.5

Analyst's Opinion

Consensus Rating
Canadian 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/Downside
According 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 Coverage
Canadian Tire has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Canadian 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 Growth
Canadian Tire does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Tire is 45.76%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Canadian Tire this week, compared to 2 articles on an average week.
Search Interest
9 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 Follows
3 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.

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.
Percentage Held by Insiders
Only 2.87% of the stock of Canadian Tire is held by insiders.
Percentage Held by Institutions
Only 32.41% of the stock of Canadian Tire is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Canadian 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 Ratio
Canadian 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.

See Top Rated MarketRank™ Stocks Here

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

May 31, 2023 | theglobeandmail.com

Bullish on Canadian Tire Corp. Ltd

May 17, 2023 | theglobeandmail.com

Closing 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.com

Forget King Charles: 3 Canadian Stocks with Serious Royalty Status

May 15, 2023 | msn.com

Calgary-based robotics firm Attabotics sues Canadian Tire alleging damages after fire

May 11, 2023 | ca.finance.yahoo.com

Canadian Tire profit hit by weather, fire and spending slowdown

May 11, 2023 | msn.com

Canadian Consumer Stocks: Invest in Brands That People Love

May 11, 2023 | theglobeandmail.com

Canadian Tire reports first-quarter profit and revenue down from year ago

June 4, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

May 11, 2023 | theglobeandmail.com

Canadian Tire first-quarter profit hit by costs from fire at key distribution centre

May 11, 2023 | finance.yahoo.com

Canadian Tire Corporation Reports First Quarter 2023 Results

May 11, 2023 | msn.com

Canadian Tire Gains Traction: Retail Resilience in a Digital World

May 10, 2023 | businesswire.com

Attabotics Issues Statement of Claim Against Canadian Tire

May 10, 2023 | americanbankingnews.com

Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$204.88

May 5, 2023 | americanbankingnews.com

Canadian Tire (TSE:CTC.A) PT Lowered to C$202.00 at Canaccord Genuity Group

May 4, 2023 | msn.com

2 Canadian Value Stocks for Long-Term Investors

May 4, 2023 | baystreet.ca

Canadian Tire Gas Stations To Be Rebranded As Petro-Canada Outlets

May 4, 2023 | americanbankingnews.com

Canadian Tire (TSE:CTC.A) PT Raised to C$200.00

May 3, 2023 | baystreet.ca

Canadian Tire Buys Leases From Bankrupt Retailer Bed Bath & Beyond

May 3, 2023 | theglobeandmail.com

Closing Bell: Canadian Tire Corp Ltd down on Monday (CTC)

May 2, 2023 | theglobeandmail.com

Canadian Tire to acquire 10 Bed Bath & Beyond leases for $1.6-million

May 2, 2023 | seekingalpha.com

Canadian Tire Corporation: A Stable Dividend Grower

May 1, 2023 | msn.com

Here’s My #1 Canadian Growth Stock Pick to Buy for May 2023

April 28, 2023 | theglobeandmail.com

Closing Bell: Canadian Tire Corp Cl A NV down on Friday (CTC-A)

April 27, 2023 | ca.finance.yahoo.com

Media Advisory - Canadian Tire Corporation Annual Meeting of Shareholders and First Quarter 2023 Results

April 26, 2023 | yahoo.com

Canadian Tire's biggest sale of the season ends tonight — save up to 80% on kitchen, outdoor & more

April 26, 2023 | marketwatch.com

Canadian Tire Corp. Ltd. Cl A stock rises Monday, outperforms market

See More Headlines

CTC.A Price History

30 days | 90 days | 365 days | Advanced Chart

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$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

EPS (Most Recent Fiscal Year): C$15.08
Trailing P/E Ratio: 11.16
Forward P/E Ratio: 9.82
P/E Growth: 0.37
Net Income: C$987.30 million
Net Margins: 5.58%
Pretax Margin: N/A
Return on Equity: 15.90%
Return on Assets: 5.14%

Debt

Debt-to-Equity Ratio: 163.46
Current Ratio: 1.56
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: C$17.68 billion
Price / Sales: 0.51
Cash Flow: C$9.41 per share
Price / Cash Flow: 17.89
Book Value: C$93.12 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 53,310,000
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

Key Competitors

View All Competitors

Insiders

Steve Frazier
Bought 700 shares on 2/21/2023
Total: 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

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

Canadian Tire MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Tire (TSE:CTC.A) Stock

CTC.A Stock News Headlines

CTC.A Price History

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CTC.A Stock - Frequently Asked Questions

Overall MarketRank^™