Canadian Tire (TSE:CTC) Stock Price Up 0.5% – What’s Next?

Canadian Tire Co., Limited (TSE:CTC)’s stock price rose 0.5% on Monday . The stock traded as high as C$212.00 and last traded at C$212.00. Approximately 870 shares were traded during trading, an increase of 67% from the average daily volume of 521 shares. The stock had previously closed at C$211.00.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upgraded shares of Canadian Tire to a “strong-buy” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Canadian Tire Stock Up 0.5%

The company’s 50 day moving average price is C$214.02 and its two-hundred day moving average price is C$216.38. The company has a quick ratio of 1.15, a current ratio of 1.74 and a debt-to-equity ratio of 133.63. The stock has a market cap of C$11.15 billion, a P/E ratio of 19.24, a P/E/G ratio of 0.49 and a beta of 0.69.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share (EPS) for the quarter. The company had revenue of C$3.57 billion for the quarter. Canadian Tire had a return on equity of 10.24% and a net margin of 3.65%. As a group, research analysts expect that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current 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.