Should I buy or sell Canadian Tire stock right now?

8 Wall Street equities research 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 equities research 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. View CTC.A analyst ratings or view top-rated stocks .

What is Canadian Tire's stock price target for 2024?

8 brokerages have issued 12 month price objectives for Canadian Tire's shares. Their CTC.A share price targets range from C$146.00 to C$202.00. On average, they expect the company's stock price to reach C$162.44 in the next twelve months. This suggests a possible upside of 25.4% 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 2024?

Canadian Tire's stock was trading at C$140.72 at the beginning of 2024. Since then, CTC.A stock has decreased by 7.9% and is now trading at C$129.56. View the best growth stocks for 2024 here .

Is Canadian Tire a good dividend stock?

Canadian Tire (TSE:CTC.A) pays an annual dividend of C$7.00 per share and currently has a dividend yield of 5.25%. 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 185.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for 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 .

TSE:CTC.A

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

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C$129.56

+0.99 (+0.77%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$128.83
▼
C$130.33
50-Day Range: C$127.77
▼
C$142.49
52-Week Range: C$126.25
▼
C$189.82

Volume: 329,517 shs
Average Volume: 253,420 shs
Market Capitalization: C$6.76 billion

P/E Ratio: 34.28
Dividend Yield: 5.40%
Price Target: C$162.44

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

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Canadian Tire MarketRank™ Stock Analysis

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 25.4% Upside
C$162.44 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$41,490 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.96 out of 5 stars

4.2

Analyst's Opinion

Consensus Rating
Canadian Tire has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Canadian Tire has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

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

1.7

Dividend Strength

Dividend Leadership
Canadian Tire is a leading dividend payer. It pays a dividend yield of 5.25%, 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 185.19%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

0.6

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
5 people have searched for CTC.A on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Canadian Tire to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Tire insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$41,490.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 2.93% of the stock of Canadian Tire is held by insiders.
Percentage Held by Institutions
Only 32.49% of the stock of Canadian Tire is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Tire is 34.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Tire is 34.28, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 321.80.
Price to Earnings Growth Ratio
Canadian Tire has a PEG Ratio of 2.10. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian Tire has a P/B Ratio of 1.30. 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 Stock (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.

CTC.A Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CTC.A Stock News Headlines

April 3, 2024 | msn.com

Posthaste: Many taxpayers owed money by the CRA aren't collecting it all

March 21, 2024 | msn.com

Buy This, Not That: Retail Stocks Edition

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 19, 2024 | markets.businessinsider.com

Canadian Market Modestly Higher After Inflation Data

March 18, 2024 | msn.com

Should Investors Buy the Dip in Canadian Tire Stock?

March 15, 2024 | seekingalpha.com

Markets Performance Review - February Dividend Income Report

March 13, 2024 | morningstar.com

Canadian Tire Corp Ltd Class A CTC.A

March 12, 2024 | msn.com

Mango’s 2023 Revenue Climbs 20 Percent as It Eyes 4 Billion Euros in Sales

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 11, 2024 | msn.com

Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter

March 11, 2024 | msn.com

Blackwells says Disney failed to disclose ValueAct's past money management role

March 11, 2024 | msn.com

Is Canadian Tire Stock a No-Brainer Buy?

March 11, 2024 | msn.com

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March 11, 2024 | msn.com

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March 11, 2024 | ca.sports.yahoo.com

Disney Slams Activist Investor Peltz as ‘Disruptive and Destructive,’ Says His Proxy Fight ‘Seems More About Vanity Than a Belief’ in Company

March 1, 2024 | msn.com

2 Retail Stocks to Cash In on an Economic Rebound

March 1, 2024 | benzinga.com

Elevating Investor Returns: Canadian Tire Corp Delivers Strong Performance and Growing Profits

February 28, 2024 | msn.com

Down by 25%: Is Canadian Tire Stock a Buy in February 2024?

February 27, 2024 | finance.yahoo.com

Catch+Release Announces Strategic Investment from Canadian Tire Corporation’s Roller Labs Ventures

February 23, 2024 | msn.com

Senators’ complete win over Stars leaves fans wondering what could have been

February 15, 2024 | msn.com

Canadian Tire reports fourth-quarter profit, sales down compared with year earlier

February 15, 2024 | theglobeandmail.com

Canadian Tire’s profit falls nearly 68% as consumers remain wary amid uncertain economy

February 13, 2024 | msn.com

The use of technology in policing should be regulated to protect people from wrongful convictions, says researcher

February 2, 2024 | markets.businessinsider.com

TSX Recovers From Early Lows, Ends Just Marginally Down

February 1, 2024 | finance.yahoo.com

Media Advisory - Canadian Tire Corporation To Report Fourth Quarter and 2023 Full-Year Results

January 30, 2024 | sports.yahoo.com

Hockey Equipment Companies Could Benefit From Neck Guard Mandate

January 30, 2024 | finance.yahoo.com

Morning News Call - Canada, January 30

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Consumer Cyclical
Industry: Specialty Retail
Sub-Industry: N/A
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 Target: C$162.44
High Stock Price Target: C$202.00
Low Stock Price Target: C$146.00
Potential Upside/Downside: +25.1%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.78
Trailing P/E Ratio: 34.35
Forward P/E Ratio: 11.60
P/E Growth: 2.1
Net Income: C$213.30 million
Net Margins: 1.28%
Pretax Margin: N/A
Return on Equity: 5.03%
Return on Assets: 3.74%

Debt

Debt-to-Equity Ratio: 180.91
Current Ratio: 1.77
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: C$16.66 billion
Price / Sales: 0.41
Cash Flow: C$7.26 per share
Price / Cash Flow: 17.89
Book Value: C$99.75 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 52,200,000
Free Float: N/A
Market Cap: C$6.78 billion
Optionable: Not Optionable
Beta: 1.37

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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

View All Insider Transactions

CTC.A Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Tire stock right now?: 8 Wall Street equities research 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 equities research 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.
View CTC.A analyst ratings or view top-rated stocks.
What is Canadian Tire's stock price target for 2024?: 8 brokerages have issued 12 month price objectives for Canadian Tire's shares. Their CTC.A share price targets range from C$146.00 to C$202.00. On average, they expect the company's stock price to reach C$162.44 in the next twelve months. This suggests a possible upside of 25.4% 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 2024?: Canadian Tire's stock was trading at C$140.72 at the beginning of 2024. Since then, CTC.A stock has decreased by 7.9% and is now trading at C$129.56.
View the best growth stocks for 2024 here.

Is Canadian Tire a good dividend stock?: Canadian Tire (TSE:CTC.A) pays an annual dividend of C$7.00 per share and currently has a dividend yield of 5.25%. 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 185.19%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for 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.

This page (TSE:CTC.A) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Canadian Tire MarketRank™ Stock Analysis

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 Stock (TSE:CTC.A)

CTC.A Stock Price History

CTC.A Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CTC.A Stock Analysis - Frequently Asked Questions

Overall MarketRank^™