Canadian Tire (TSE:CTC) Sets New 52-Week Low – What’s Next?

by · The Markets Daily

Canadian Tire Co., Limited (TSE:CTC – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$197.55 and last traded at C$197.55, with a volume of 163 shares. The stock had previously closed at C$199.00.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada downgraded Canadian Tire from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th.

Read Our Latest Analysis on CTC

Canadian Tire Price Performance

The firm has a market capitalization of C$675.62 million, a PE ratio of 28.84, a P/E/G ratio of 0.49 and a beta of 1.33. The firm’s fifty day moving average price is C$220.49 and its 200 day moving average price is C$222.23. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Canadian Tire Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, January 31st will be issued a $1.775 dividend. This represents a $7.10 annualized dividend and a yield of 3.59%. This is a positive change from Canadian Tire’s previous quarterly dividend of $1.75. The ex-dividend date is Friday, January 31st. Canadian Tire’s dividend payout ratio is presently 102.19%.

About Canadian Tire

(Get Free Report)

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.

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