Canadian Tire (OTCMKTS:CDNAF – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17, Zacks reports. Canadian Tire had a net margin of 3.24% and a return on equity of 9.79%.
Canadian Tire Price Performance
Shares of CDNAF traded down $6.17 during mid-day trading on Thursday, hitting $127.41. The company’s stock had a trading volume of 286 shares, compared to its average volume of 19,113. The company has a current ratio of 1.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. Canadian Tire has a 1-year low of $102.83 and a 1-year high of $152.90. The firm has a market capitalization of $6.75 billion and a P/E ratio of 39.69. The firm has a 50-day simple moving average of $138.12 and a 200 day simple moving average of $129.97.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th. TD Securities reissued a “hold” rating and issued a $205.00 target price on shares of Canadian Tire in a report on Friday, February 20th. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canadian Tire in a report on Friday, February 20th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $205.00.
About Canadian Tire
Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.
The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.
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