Jefferies Financial Group Boosts Canadian Tire (TSE:CTC.A) Price Target to C$199.00

Canadian Tire (TSE:CTC.A) had its target price lifted by investment analysts at Jefferies Financial Group from C$179.00 to C$199.00 in a research note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 0.17% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial decreased their price objective on Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Friday. Scotia increased their target price on Canadian Tire from C$180.00 to C$200.00 and gave the stock a “sector perform” rating in a report on Friday. TD boosted their price target on Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their price target on Canadian Tire from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stifel Nicolaus increased their price objective on Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Canadian Tire presently has an average rating of “Hold” and a consensus target price of C$202.91.

Canadian Tire Price Performance

Shares of Canadian Tire stock traded down C$1.63 during trading on Friday, hitting C$198.67. 39,932 shares of the company’s stock traded hands, compared to its average volume of 227,019. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The firm’s fifty day moving average price is C$194.70 and its 200 day moving average price is C$188.13. Canadian Tire has a twelve month low of C$159.20 and a twelve month high of C$208.08. The company has a market cap of C$10.45 billion, a PE ratio of 18.03, a PEG ratio of 0.35 and a beta of 1.04.

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

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.