Canadian Tire (TSE:CTC.A) Given New C$200.00 Price Target at Desjardins

Canadian Tire (TSE:CTC.A) had its price objective decreased by analysts at Desjardins from C$203.00 to C$200.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 17.82% from the company’s current price.

Several other analysts also recently weighed in on CTC.A. Scotiabank upgraded shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$160.00 to C$180.00 in a research report on Friday, February 20th. BMO Capital Markets boosted their price objective on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. National Bank Financial reduced their price objective on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Friday. Royal Bank Of Canada reduced their price objective on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday. Finally, TD Securities upped their price target on shares of Canadian Tire from C$194.00 to C$205.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$197.50.

Canadian Tire Stock Down 3.0%

Shares of TSE:CTC.A traded down C$5.20 during trading on Friday, hitting C$169.75. 124,284 shares of the company were exchanged, compared to its average volume of 247,115. The stock has a market capitalization of C$8.95 billion, a P/E ratio of 17.55, a PEG ratio of 0.35 and a beta of 1.17. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 12-month low of C$158.18 and a 12-month high of C$202.46. The firm’s 50 day moving average price is C$189.09 and its 200-day moving average price is C$179.28.

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