Canadian Tire (TSE:CTC.A) Price Target Raised to C$218.00

by · The Cerbat Gem

Canadian Tire (TSE:CTC.A – Free Report) had its price objective hoisted by Royal Bank Of Canada from C$216.00 to C$218.00 in a research note released on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

CTC.A has been the topic of several other research reports. BMO Capital Markets dropped their price target 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. Stifel Nicolaus set a C$215.00 target price on Canadian Tire and gave the stock a “buy” rating in a report on Wednesday, June 10th. Desjardins decreased their target price on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, May 15th. National Bank Financial upped their target price on Canadian Tire from C$205.00 to C$210.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, TD increased their price target on shares of Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$203.22.

Check Out Our Latest Stock Report on CTC.A

Canadian Tire Price Performance

Shares of CTC.A opened at C$202.93 on Monday. The firm has a market capitalization of C$10.68 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. 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 1-year low of C$159.20 and a 1-year high of C$208.08. The company’s fifty day moving average price is C$194.22 and its 200-day moving average price is C$187.96.

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

About Canadian Tire

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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.

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