Canadian Tire (TSE:CTC) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Canadian Tire Co., Limited (TSE:CTC) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$217.89 and traded as high as C$237.73. Canadian Tire shares last traded at C$237.73, with a volume of 376 shares.

Analyst Ratings Changes

Separately, Scotiabank upgraded Canadian Tire from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Canadian Tire Price Performance

The firm has a market capitalization of C$11.54 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 0.49 and a beta of 0.48. The business has a 50-day moving average of C$217.89 and a 200 day moving average of C$226.02. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 166.61.

Canadian Tire (TSE:CTC) last issued its earnings results on Thursday, February 19th. The company reported C$4.47 EPS for the quarter. Canadian Tire had a return on equity of 8.99% and a net margin of 3.24%.The business had revenue of C$4.55 billion during the quarter. On average, sell-side analysts predict that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current fiscal 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.