Canadian Tire (TSE:CTC.A) Price Target Lowered to C$216.00 at Royal Bank Of Canada

Canadian Tire (TSE:CTC.A) had its price objective cut by Royal Bank Of Canada from C$220.00 to C$216.00 in a report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. TD Securities boosted their price objective on Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$160.00 to C$180.00 in a research report on Friday, February 20th. Desjardins boosted their price objective on Canadian Tire from C$190.00 to C$203.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. BMO Capital Markets boosted their price objective on Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, National Bank Financial reduced their price objective on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$197.50.

Canadian Tire Trading Down 2.3%

TSE:CTC.A opened at C$170.92 on Friday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market cap of C$9.01 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 0.35 and a beta of 1.17. Canadian Tire has a one year low of C$158.18 and a one year high of C$202.46. The business’s 50-day simple moving average is C$188.62 and its 200 day simple moving average is C$179.22.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts predict that Canadian Tire will post 13.638961 earnings per share for the current fiscal 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.