Canadian Tire (TSE:CTC) Upgraded by Stifel Nicolaus to Strong-Buy Rating

Canadian Tire (TSE:CTC) was upgraded by equities researchers at Stifel Nicolaus to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Scotiabank upgraded shares of Canadian Tire from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Canadian Tire Price Performance

Shares of TSE:CTC opened at C$210.00 on Tuesday. The company’s fifty day moving average is C$217.18 and its two-hundred day moving average is C$220.11. The company has a quick ratio of 1.15, a current ratio of 1.74 and a debt-to-equity ratio of 133.63. Canadian Tire has a 12-month low of C$200.01 and a 12-month high of C$274.01. The company has a market cap of C$11.05 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.69.

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.