Canadian Tire (TSE:CTC) Stock Falls 3.3% – Here’s What Happened

Canadian Tire Co., Limited (TSE:CTC) fell 3.3% during mid-day trading on Tuesday. The stock traded as low as C$203.00 and last traded at C$203.00. Approximately 337 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 523 shares. The stock had previously closed at C$210.00.

Analyst Ratings Changes

Separately, Stifel Nicolaus upgraded shares of Canadian Tire to a “strong-buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Canadian Tire Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.15 and a debt-to-equity ratio of 141.64. The business has a fifty day simple moving average of C$214.19 and a two-hundred day simple moving average of C$214.93. The company has a market cap of C$10.59 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70.

Canadian Tire (TSE:CTC) last issued its earnings results on Thursday, August 13th. The company reported C$3.94 EPS for the quarter. The business had revenue of C$4.30 billion during the quarter. Canadian Tire had a net margin of 4.11% and a return on equity of 11.53%. As a group, equities research analysts predict that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current year.

Canadian Tire Company Profile

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.