Canadian Tire (TSE:CTC.A – Get Free Report) posted its quarterly earnings data on Thursday. The company reported C$2.02 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$3.57 billion during the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%.
Canadian Tire Price Performance
Canadian Tire stock traded down C$4.03 during midday trading on Friday, hitting C$170.92. The company’s stock had a trading volume of 429,322 shares, compared to its average volume of 250,546. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The stock’s 50-day moving average price is C$188.62 and its 200-day moving average price is C$179.22. Canadian Tire has a 12 month low of C$158.18 and a 12 month high of C$202.46. The company has a market capitalization of C$9.01 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 0.35 and a beta of 1.17.
Analysts Set New Price Targets
Several research firms recently weighed in on CTC.A. TD reduced their price objective on shares of Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a report on Friday. TD Securities upped their price objective on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Desjardins dropped their price target on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank Of Canada dropped their price target on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, BMO Capital Markets dropped their price target 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. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and a consensus price target of C$197.50.
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.
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