Canadian Tire (OTCMKTS:CDNAF) Shares Gap Down – Time to Sell?

Shares of Canadian Tire Co., Limited (OTCMKTS:CDNAF) gapped down before the market opened on Tuesday . The stock had previously closed at $146.24, but opened at $138.3820. Canadian Tire shares last traded at $138.3820, with a volume of 4 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on CDNAF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research report on Monday, August 10th. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Tire in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.00.

Canadian Tire Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.74 and a quick ratio of 1.33. The firm has a market cap of $7.11 billion and a price-to-earnings ratio of 17.95. The stock’s fifty day moving average price is $140.44 and its 200-day moving average price is $136.92.

Canadian Tire (OTCMKTS:CDNAF) last posted its quarterly earnings data on Thursday, August 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Canadian Tire had a net margin of 4.09% and a return on equity of 10.89%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.