Canadian Tire (OTCMKTS:CDNAF) Stock Price Up 3.8% – Still a Buy?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) was up 3.8% on Wednesday. The stock traded as high as $135.4380 and last traded at $135.4380. Approximately 1 shares changed hands during trading, a decline of 100% from the average daily volume of 19,308 shares. The stock had previously closed at $130.4975.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CDNAF shares. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a research report on Monday, August 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Stock Performance

The firm’s 50-day moving average price is $137.54 and its 200-day moving average price is $136.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.88 and a quick ratio of 1.46.

Canadian Tire (OTCMKTS:CDNAF) last released its quarterly earnings data on Thursday, August 13th. The company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. Canadian Tire had a net margin of 4.09% and a return on equity of 10.84%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.03 billion.

About Canadian Tire

Canadian Tire Corporation, Limited is a Canadian retail and financial services company founded in 1922. Its flagship Canadian Tire banner sells automotive products and services, hardware, home improvement and household goods, sporting and outdoor equipment, leisure products, and seasonal merchandise through a nationwide network of stores.

The company also operates or owns several specialty retail businesses, including SportChek, Mark’s, and Party City Canada. SportChek focuses on sporting goods, apparel, and footwear, while Mark’s offers workwear, casual clothing, and footwear.