Canadian Tire (TSE:CTC.A – Get Free Report) had its price target lifted by Stifel Nicolaus from C$115.00 to C$220.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.74% from the stock’s previous close.
CTC.A has been the topic of a number of other reports. TD lifted their target price on shares of Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. BMO Capital Markets lowered their price objective on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Desjardins upped their target price on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a “buy” rating in a report on Tuesday. National Bank Financial decreased their target price on shares of Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Royal Bank Of Canada boosted their price target on Canadian Tire from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$202.91.
Get Our Latest Report on CTC.A
Canadian Tire Stock Performance
Canadian Tire (TSE:CTC.A – Get Free Report) last issued 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, sell-side analysts expect that Canadian Tire will post 13.638961 EPS for the current fiscal 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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