Canadian Tire (TSE:CTC.A – Free Report) had its price target cut by Desjardins from C$203.00 to C$200.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research firms have also recently commented on CTC.A. Royal Bank Of Canada cut their price objective 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. TD Securities boosted their price objective on Canadian Tire from C$194.00 to C$205.00 and gave the company a “hold” rating in a research report on Friday, February 20th. National Bank Financial cut their price objective on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Friday. BMO Capital Markets boosted their price objective on Canadian Tire from C$180.00 to C$194.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Finally, Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from C$160.00 to C$180.00 in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$197.50.
Read Our Latest Analysis on CTC.A
Canadian Tire Trading Down 2.3%
Canadian Tire (TSE:CTC.A – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. The business had revenue of C$3.57 billion during the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. As a group, analysts forecast that Canadian Tire will post 13.638961 EPS for the current year.
About Canadian Tire
Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.
Recommended Stories
- Five stocks we like better than Canadian Tire
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Canadian Tire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Tire and related companies with MarketBeat.com's FREE daily email newsletter.
