Canadian Tire (TSE:CTC) Stock Falls 3.3% – Should You Sell?

Canadian Tire Co., Limited (TSE:CTC) fell 3.3% during trading on Tuesday. The company traded as low as C$203.00 and last traded at C$203.00. 337 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 523 shares. The stock had previously closed at C$210.00.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised Canadian Tire to a “strong-buy” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Canadian Tire Stock Performance

The company has a market capitalization of C$10.59 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70. The company has a current ratio of 1.88, a quick ratio of 1.15 and a debt-to-equity ratio of 141.64. The business’s fifty day moving average is C$214.43 and its two-hundred day moving average is C$215.09.

Canadian Tire (TSE:CTC) last issued its earnings results on Thursday, August 13th. The company reported C$3.94 EPS for the quarter. The business had revenue of C$4.30 billion for the quarter. Canadian Tire had a return on equity of 11.53% and a net margin of 4.11%. Equities research analysts predict 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.