Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives $205.00 Average PT from Analysts

Canadian Tire Co., Limited (OTCMKTS:CDNAF) has earned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $205.00.

A number of brokerages have recently commented on CDNAF. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th.

Canadian Tire Stock Performance

OTCMKTS CDNAF opened at $137.34 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83. Canadian Tire has a fifty-two week low of $102.83 and a fifty-two week high of $152.90. The business has a fifty day moving average of $132.84 and a 200-day moving average of $132.60. The stock has a market cap of $7.23 billion and a price-to-earnings ratio of 29.35.

Canadian Tire (OTCMKTS:CDNAF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion.

Canadian Tire Company Profile

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.