Canadian Tire (TSE:CTC.A) Price Target Lowered to C$200.00 at TD

Canadian Tire (TSE:CTC.A) had its price target cut by TD from C$205.00 to C$200.00 in a research report released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research firms have also recently issued reports on CTC.A. BMO Capital Markets lowered their target price on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a research note on Friday. TD Securities upped their target price on shares of Canadian Tire from C$194.00 to C$205.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Desjardins lowered their target price on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday. National Bank Financial lowered their target price on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Royal Bank Of Canada lowered their target price on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$197.50.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$170.92 on Friday. Canadian Tire has a twelve month low of C$158.18 and a twelve month high of C$202.46. The firm has a market cap of C$9.01 billion, a P/E ratio of 17.68, a PEG ratio of 0.35 and a beta of 1.17. The company has a 50 day moving average of C$188.62 and a 200 day moving average of C$179.22. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The company had revenue of C$3.57 billion during the quarter. As a group, research analysts expect 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) 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.