Canadian Tire (OTCMKTS:CDNAF) Issues Quarterly Earnings Results

Canadian Tire (OTCMKTS:CDNAF) released its quarterly earnings data on Thursday. The company reported $3.21 earnings per share for the quarter, Zacks reports.

Canadian Tire Price Performance

Shares of Canadian Tire stock opened at $133.35 on Friday. Canadian Tire has a 1 year low of $94.66 and a 1 year high of $146.30. The company’s fifty day moving average is $127.27 and its two-hundred day moving average is $123.37.

Analyst Ratings Changes

Separately, Scotiabank upgraded shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a research note on Friday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Canadian Tire currently has a consensus rating of “Hold”.

Canadian Tire Company Profile

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.