Canadian Tire Co., Limited (TSE:CTC – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$213.82 and traded as high as C$216.60. Canadian Tire shares last traded at C$216.60, with a volume of 480 shares traded.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus upgraded shares of Canadian Tire to a “strong-buy” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Tire has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on CTC
Canadian Tire Stock Performance
Canadian Tire (TSE:CTC – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. Canadian Tire had a return on equity of 10.24% and a net margin of 3.65%.The company had revenue of C$3.57 billion for the quarter. On average, equities analysts forecast that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current year.
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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