Canadian Tire (TSE:CTC.A – Free Report) had its price objective boosted by Jefferies Financial Group from C$179.00 to C$199.00 in a research note released on Friday,BayStreet.CA reports.
Other research analysts have also issued reports about the stock. Desjardins raised their price objective on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank Of Canada raised their price objective on shares of Canadian Tire from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets dropped their target price on 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. TD upped their price target 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. Finally, Stifel Nicolaus boosted their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$202.91.
Check Out Our Latest Analysis on CTC.A
Canadian Tire Stock Down 0.5%
Canadian Tire (TSE:CTC.A – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share (EPS) for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The firm had revenue of C$3.57 billion for the quarter. As a group, sell-side analysts anticipate that Canadian Tire will post 13.638961 earnings per share for the current fiscal year.
Key Headlines Impacting Canadian Tire
Here are the key news stories impacting Canadian Tire this week:
- Positive Sentiment: Stifel Nicolaus issued the most bullish revision, raising its price target from C$115 to C$220 and assigning a “buy” rating. The new target implies approximately 11% potential upside and may support investor confidence. BayStreet.CA analyst ratings
- Positive Sentiment: Second-quarter profit and revenue rose year over year, indicating that Canadian Tire is continuing to grow despite a challenging consumer environment. Automotive sales reportedly increased for the 24th consecutive quarter, providing an important earnings catalyst. Canadian Tire reports second-quarter profit and revenue up Canadian Tire automotive sales growth
- Positive Sentiment: Desjardins forecast strong price appreciation for CTC.A, adding to the constructive analyst outlook following the quarterly report. Desjardins forecast for Canadian Tire
- Neutral Sentiment: National Bank Financial lowered its target modestly to C$209 and maintained a “sector perform” rating, suggesting limited near-term upside but no major deterioration in its outlook. National Bank Financial analyst rating
- Neutral Sentiment: Scotia raised its target to C$200 and Jefferies lifted its target to C$199, but both revisions leave little implied upside and reflect a relatively cautious view of valuation. Scotia and Jefferies analyst ratings
- Negative Sentiment: Retail sales declined 0.8%, highlighting pressure in the broader retail business. Management also described consumer sentiment as soft amid trade-war and tariff concerns, which could weigh on discretionary spending, margins and future growth. Canadian Tire consumer sentiment and tariffs
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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