Canadian Tire (OTCMKTS:CDNAF) Shares Gap Up – Here’s What Happened

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $133.92, but opened at $137.8550. Canadian Tire shares last traded at $137.82, with a volume of 15 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Tire in a research note on Friday, May 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Canadian Tire presently has a consensus rating of “Hold” and an average target price of $205.00.

Canadian Tire Stock Down 0.5%

The business has a 50-day moving average price of $133.37 and a 200-day moving average price of $132.02. The company has a market capitalization of $7.22 billion and a price-to-earnings ratio of 29.33. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83.

Canadian Tire (OTCMKTS:CDNAF) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

About Canadian Tire

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.