Canadian Tire (OTCMKTS:CDNAF) Shares Down 4.4% – Should You Sell?

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s share price traded down 4.4% during mid-day trading on Wednesday . The stock traded as low as $136.26 and last traded at $136.26. Approximately 105 shares changed hands during trading, a decline of 99% from the average session volume of 18,797 shares. The stock had previously closed at $142.5370.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CDNAF shares. Scotiabank reiterated a “sector perform” rating on shares of Canadian Tire in a research report on Friday, August 14th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a research note on Monday, August 10th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Tire has an average rating of “Hold” and an average price target of $205.00.

Canadian Tire Stock Down 4.4%

The stock has a market capitalization of $7.17 billion and a price-to-earnings ratio of 18.10. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average price of $140.37 and a 200 day moving average price of $136.89.

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

About Canadian Tire

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.