Canadian Tire (OTCMKTS:CDNAF) Shares Down 1.9% – Here’s What Happened

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s stock price traded down 1.9% on Monday . The stock traded as low as $129.5550 and last traded at $130.8775. Approximately 1,767 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 17,653 shares. The stock had previously closed at $133.3475.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Tire in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Canadian Tire has an average rating of “Hold” and an average target price of $205.00.

Canadian Tire Stock Performance

The firm has a market cap of $6.89 billion and a P/E ratio of 27.97. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average is $133.91 and its two-hundred day moving average is $131.78.

Canadian Tire (OTCMKTS:CDNAF) last issued 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 analyst estimates 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.