Canadian Tire (TSE:CTC) Stock Price Target Raised at National Bank Financial

Canadian Tire (TSE:CTC) had its price objective increased by analysts at National Bank Financial from C$209.00 to C$214.00 in a note issued to investors on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial‘s target price indicates a potential downside of 2.82% from the company’s current price.

Canadian Tire Price Performance

Shares of CTC remained flat at C$220.22 during mid-day trading on Monday. 572 shares of the stock traded hands, compared to its average volume of 505. The company has a debt-to-equity ratio of 141.64, a quick ratio of 1.15 and a current ratio of 1.88. Canadian Tire has a 12 month low of C$200.01 and a 12 month high of C$250.50. The stock has a 50 day moving average of C$210.33 and a 200-day moving average of C$215.07. The stock has a market capitalization of C$11.49 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.77.

Canadian Tire (TSE:CTC) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$3.94 earnings per share (EPS) for the quarter. The business had revenue of C$4.30 billion during the quarter. Canadian Tire had a return on equity of 11.53% and a net margin of 4.11%. Analysts forecast that Canadian Tire will post 13.70 earnings per share 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.