Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$200.56

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$200.56.

A number of equities research analysts have issued reports on the stock. Desjardins cut their price target on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus set a C$215.00 target price on Canadian Tire and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada lowered their price target on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. TD lifted their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, BMO Capital Markets reduced their target price on 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.

Canadian Tire Price Performance

Shares of Canadian Tire stock opened at C$194.01 on Tuesday. Canadian Tire has a 52-week low of C$158.18 and a 52-week high of C$202.46. The stock has a market capitalization of C$10.21 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. The company has a fifty day moving average of C$186.30 and a 200-day moving average of C$185.14. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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

Canadian Tire Company Profile

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.