TD Increases Canadian Tire (TSE:CTC.A) Price Target to C$210.00

Canadian Tire (TSE:CTC.A) had its target price raised by investment analysts at TD from C$200.00 to C$210.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price objective suggests a potential upside of 5.46% from the company’s previous close.

CTC.A has been the topic of a number of other reports. Royal Bank Of Canada lowered their price objective on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Desjardins decreased their target price on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Stifel Nicolaus set a C$215.00 target price on shares of Canadian Tire and gave the company a “buy” rating in a research note on Wednesday, June 10th. National Bank Financial lowered their price target on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a report on Friday, May 15th. Finally, BMO Capital Markets dropped their price target on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$200.56.

Canadian Tire Trading Up 2.0%

TSE:CTC.A opened at C$199.12 on Wednesday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a fifty-two week low of C$158.18 and a fifty-two week high of C$202.46. The stock’s 50-day moving average is C$185.00 and its two-hundred day moving average is C$184.34. The stock has a market cap of C$10.48 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04.

Canadian Tire (TSE:CTC.A) last issued its earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The company had revenue of C$3.57 billion for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. As a group, equities research analysts forecast that Canadian Tire will post 13.638961 earnings per share for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.