Canadian Tire (CTC.A) Stock Forecast & Price Target

C$143.99

+0.98 (+0.69%)

(As of 07/26/2024 ET)

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Canadian Tire - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Canadian Tire in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 5 have given a hold rating, and 3 have given a buy rating for CTC.A.

Consensus Price Target

C$144.25
0.18% Upside

High Forecast	C$190.00
Average Forecast	C$144.25
Low Forecast	C$37.00

According to the 8 analysts' twelve-month price targets for Canadian Tire, the average price target is C$144.25. The highest price target for CTC.A is C$190.00, while the lowest price target for CTC.A is C$37.00. The average price target represents a forecasted upside of 0.18% from the current price of C$143.99.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$144.25	C$144.63	C$162.44	C$204.25
Forecasted Upside	0.18% Upside	2.37% Upside	13.58% Upside	15.65% Upside

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CTC.A Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CTC.A Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canadian Tire Stock vs. The Competition

Type	Canadian Tire	Consumer Cyclical Companies
Consensus Rating Score	2.38	2.50
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/4/2024	National Bankshares 1 of 5 stars	Lower Target	Sector Perform	C$149.00 ➝ C$146.00	+5.62%
5/10/2024	BMO Capital Markets 3 of 5 stars	Boost Target		C$150.00 ➝ C$152.00	+5.58%
5/10/2024	CIBC 3 of 5 stars	Boost Target		C$150.00 ➝ C$153.00	+6.28%
5/10/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$160.00 ➝ C$165.00	+14.62%
5/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$195.00 ➝ C$190.00	+31.98%
5/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$150.00 ➝ C$151.00	+4.89%
Get the Latest News and Ratings for CTC.A and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian Tire and its competitors with MarketBeat's FREE daily newsletter.
5/10/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$153.00 ➝ C$160.00	+11.14%
5/6/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	C$40.00 ➝ C$37.00	-72.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:13 AM ET.

CTC.A Forecast - Frequently Asked Questions

What is Canadian Tire's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Tire is C$144.25, with a high forecast of C$190.00 and a low forecast of C$37.00.
Should I buy or sell Canadian Tire stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Tire in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CTC.A shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTC.A, but not buy additional shares or sell existing shares.
Does Canadian Tire's stock price have much upside?: According to analysts, Canadian Tire's stock has a predicted upside of 2.22% based on their 12-month stock forecasts.
What analysts cover Canadian Tire?: Canadian Tire has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, CIBC, Desjardins, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
Do Wall Street analysts like Canadian Tire more than its competitors?: Analysts like Canadian Tire less than other "consumer cyclical" companies. The consensus rating score for Canadian Tire is 2.38 while the average consensus rating score for "consumer cyclical" companies is 2.50. Learn more on how CTC.A compares to other companies.