Canadian Tire (TSE:CTC.A) Price Target Raised to C$210.00 at TD

Canadian Tire (TSE:CTC.A) had its price target hoisted by TD from C$200.00 to C$210.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price target suggests a potential upside of 7.69% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Desjardins dropped 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 report on Friday, May 15th. National Bank Financial decreased their target price 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 note on Friday, May 15th. Royal Bank Of Canada lowered their price target on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus set a C$215.00 price target on Canadian Tire and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets cut their price objective on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$200.56.

Canadian Tire Stock Performance

TSE CTC.A traded up C$3.75 during trading hours on Wednesday, hitting C$195.01. The company’s stock had a trading volume of 32,572 shares, compared to its average volume of 233,094. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company has a market cap of C$10.26 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. The company’s 50 day simple moving average is C$184.73 and its two-hundred day simple moving average is C$184.00. Canadian Tire has a 12 month low of C$158.18 and a 12 month high of C$202.46.

Canadian Tire (TSE:CTC.A) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share (EPS) for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The firm had revenue of C$3.57 billion for the quarter. As a group, sell-side 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, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.