Canadian Tire (OTCMKTS:CDNAF) Sets New 52-Week High – Still a Buy?

by · The Markets Daily

Canadian Tire Co., Limited (OTCMKTS:CDNAF – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as $165.78 and last traded at $134.86, with a volume of 40 shares. The stock had previously closed at $133.1250.

Wall Street Analyst Weigh In

Several analysts have weighed in on CDNAF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Tire in a report on Friday, August 14th. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a report on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Tire currently has an average rating of “Hold” and a consensus target price of $205.00.

View Our Latest Analysis on Canadian Tire

Canadian Tire Stock Down 0.6%

The company has a quick ratio of 1.46, a current ratio of 1.88 and a debt-to-equity ratio of 0.91. The stock has a 50-day simple moving average of $139.96 and a two-hundred day simple moving average of $136.71. The firm has a market cap of $7.07 billion and a PE ratio of 17.84.

Canadian Tire (OTCMKTS:CDNAF – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.03 billion. Canadian Tire had a return on equity of 10.84% and a net margin of 4.09%.

About Canadian Tire

(Get Free Report)

Canadian Tire Corporation, Limited is a Canadian retail and financial services company headquartered in Toronto, Ontario. Founded in 1922, the company operates a network of stores across Canada through several retail banners, including Canadian Tire, SportChek, Mark’s and Pro Hockey Life.

Canadian Tire stores offer automotive products and services, hardware, home improvement merchandise, outdoor and recreational equipment, sporting goods, toys, seasonal products and household essentials.

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