Canadian Tire (TSE:CTC.A) PT Set at C$215.00 by Stifel Nicolaus

Canadian Tire (TSE:CTC.A) received a C$215.00 price target from analysts at Stifel Nicolaus in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 20.25% from the company’s previous close.

Several other research firms also recently weighed in on CTC.A. TD Securities upped their price objective on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada lowered their price objective on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. TD lowered their price objective on shares of Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Scotiabank upgraded shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from C$160.00 to C$180.00 in a report on Friday, February 20th. Finally, BMO Capital Markets lowered their price objective on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$199.44.

Canadian Tire Stock Down 1.1%

TSE CTC.A traded down C$1.99 on Wednesday, hitting C$178.80. 79,349 shares of the company were exchanged, compared to its average volume of 247,769. The company has a market cap of C$9.41 billion, a PE ratio of 16.23, a PEG ratio of 0.35 and a beta of 1.13. Canadian Tire has a 12 month low of C$158.18 and a 12 month high of C$202.46. The stock has a fifty day moving average of C$185.38 and a 200-day moving average of C$180.35. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

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

About Canadian Tire

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.