Canadian Tire (TSE:CTC) Stock Rating Upgraded by Scotiabank

Canadian Tire (TSE:CTC) was upgraded by analysts at Scotiabank from a “strong sell” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Canadian Tire Price Performance

CTC stock opened at C$216.00 on Friday. The business’s 50-day moving average is C$219.10 and its two-hundred day moving average is C$237.10. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The firm has a market capitalization of C$11.54 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.49 and a beta of 0.39. Canadian Tire has a 1 year low of C$201.12 and a 1 year high of C$274.01.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share for the quarter. The firm had revenue of C$4.55 billion for the quarter. Canadian Tire had a net margin of 3.98% and a return on equity of 11.54%. Analysts anticipate that Canadian Tire will post 13.6961722 earnings per share for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.