Canadian Tire (TSE:CTC.A) Price Target Raised to C$210.00

Canadian Tire (TSE:CTC.A) had its price objective upped by National Bank Financial from C$205.00 to C$210.00 in a research report released on Thursday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other equities analysts have also weighed in on CTC.A. Stifel Nicolaus set a C$215.00 price target on shares of Canadian Tire and gave the company a “buy” rating in a report on Wednesday, June 10th. TD upped their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. BMO Capital Markets cut their target price on 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, May 15th. Royal Bank Of Canada cut their target price on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Desjardins reduced their price objective on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$201.11.

Canadian Tire Stock Up 1.4%

Shares of Canadian Tire stock opened at C$206.16 on Thursday. The stock has a market capitalization of C$10.85 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a 52-week low of C$158.18 and a 52-week high of C$208.08. The company has a 50-day simple moving average of C$192.61 and a two-hundred day simple moving average of C$187.26.

Canadian Tire (TSE:CTC.A) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.The company had revenue of C$3.57 billion for the quarter. On average, analysts anticipate that Canadian Tire will post 13.638961 EPS for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.