Canadian Tire Co., Limited (OTCMKTS:CDNAF) Given Average Rating of “Hold” by Analysts

Canadian Tire Co., Limited (OTCMKTS:CDNAF – Get Free Report) has received an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $205.00.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a report on Friday, May 15th.

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Canadian Tire Trading Up 3.0%

Shares of CDNAF stock opened at $137.94 on Friday. The company has a market cap of $7.26 billion and a P/E ratio of 29.47. The stock has a 50 day simple moving average of $133.37 and a two-hundred day simple moving average of $132.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74. Canadian Tire has a fifty-two week low of $102.83 and a fifty-two week high of $152.90.

Canadian Tire (OTCMKTS:CDNAF – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

About Canadian Tire

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Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.

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