Shares of Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$200.56.
Several equities analysts recently commented on CTC.A shares. Desjardins cut their target price on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, May 15th. National Bank Financial decreased their price target on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. TD boosted their price objective 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. Royal Bank Of Canada cut their price objective on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, BMO Capital Markets reduced their target price on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a research note on Friday, May 15th.
View Our Latest Stock Report on Canadian Tire
Canadian Tire Stock Performance
Canadian Tire (TSE:CTC.A – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The company 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%. On average, equities analysts expect that Canadian Tire will post 13.638961 EPS for the current year.
About Canadian Tire
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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