Canadian Tire (TSE:CTC.A) Price Target Lowered to C$185.00 at BMO Capital Markets

Canadian Tire (TSE:CTC.A) had its price target decreased by BMO Capital Markets from C$194.00 to C$185.00 in a report published on Friday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Other analysts also recently issued reports about the company. Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from C$160.00 to C$180.00 in a research report on Friday, February 20th. Desjardins lowered their price target on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada lowered their price target on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday. TD Securities raised their price target on Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Finally, National Bank Financial decreased their target price on Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Friday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$197.50.

Canadian Tire Stock Down 2.3%

Shares of CTC.A opened at C$170.92 on Friday. The company has a market cap of C$9.01 billion, a PE ratio of 17.68, a P/E/G ratio of 0.35 and a beta of 1.17. The business has a fifty day moving average of C$188.62 and a 200 day moving average of C$179.22. Canadian Tire has a 52-week low of C$158.18 and a 52-week high of C$202.46. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Canadian Tire (TSE:CTC.A) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share (EPS) for the quarter. The company had revenue of C$3.57 billion during the quarter. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. On average, sell-side analysts expect that Canadian Tire will post 13.638961 EPS for the current 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.