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

Canadian Tire (TSE:CTC.A) had its target price raised by Scotia from C$180.00 to C$200.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on CTC.A. Royal Bank Of Canada increased their price target on Canadian Tire from C$216.00 to C$218.00 and gave the company an “outperform” rating in a report on Monday, August 10th. National Bank Financial reduced their target price on Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Friday. TD lifted their price target on shares of Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus set a C$215.00 price objective on shares of Canadian Tire and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Desjardins raised their price objective on shares of Canadian Tire from C$200.00 to C$217.00 and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$202.91.

Canadian Tire Stock Down 0.5%

Shares of Canadian Tire stock opened at C$199.34 on Friday. The company has a fifty day moving average price of C$195.11 and a 200 day moving average price of C$188.21. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a twelve month low of C$159.20 and a twelve month high of C$208.08. The stock has a market cap of C$10.40 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04.

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

Key Stories Impacting Canadian Tire

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Stifel Nicolaus issued the most bullish revision, raising its price target from C$115 to C$220 and assigning a “buy” rating. The new target implies approximately 11% potential upside and may support investor confidence. BayStreet.CA analyst ratings
• Positive Sentiment: Second-quarter profit and revenue rose year over year, indicating that Canadian Tire is continuing to grow despite a challenging consumer environment. Automotive sales reportedly increased for the 24th consecutive quarter, providing an important earnings catalyst. Canadian Tire reports second-quarter profit and revenue up Canadian Tire automotive sales growth
• Positive Sentiment: Desjardins forecast strong price appreciation for CTC.A, adding to the constructive analyst outlook following the quarterly report. Desjardins forecast for Canadian Tire
• Neutral Sentiment: National Bank Financial lowered its target modestly to C$209 and maintained a “sector perform” rating, suggesting limited near-term upside but no major deterioration in its outlook. National Bank Financial analyst rating
• Neutral Sentiment: Scotia raised its target to C$200 and Jefferies lifted its target to C$199, but both revisions leave little implied upside and reflect a relatively cautious view of valuation. Scotia and Jefferies analyst ratings
• Negative Sentiment: Retail sales declined 0.8%, highlighting pressure in the broader retail business. Management also described consumer sentiment as soft amid trade-war and tariff concerns, which could weigh on discretionary spending, margins and future growth. Canadian Tire consumer sentiment and tariffs

Canadian Tire Company Profile

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.