Canadian Tire (TSE:CTC) Stock Price Up 0.5% – Should You Buy?

Canadian Tire Co., Limited (TSE:CTC)’s stock price was up 0.5% during trading on Monday . The company traded as high as C$212.00 and last traded at C$212.00. Approximately 870 shares changed hands during mid-day trading, an increase of 67% from the average daily volume of 521 shares. The stock had previously closed at C$211.00.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised Canadian Tire to a “strong-buy” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Canadian Tire presently has a consensus rating of “Moderate Buy”.

Canadian Tire Stock Performance

The business has a 50-day moving average price of C$214.02 and a 200-day moving average price of C$216.38. The firm has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.49 and a beta of 0.69. The company has a quick ratio of 1.15, a current ratio of 1.74 and a debt-to-equity ratio of 133.63.

Canadian Tire (TSE:CTC) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. The firm had revenue of C$3.57 billion during the quarter. Canadian Tire had a return on equity of 10.24% and a net margin of 3.65%. As a group, sell-side analysts forecast that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current year.

Canadian Tire Company Profile

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.