Canadian Tire (TSE:CTC) Stock Rating Upgraded by Scotiabank

Canadian Tire (TSE:CTC) was upgraded by equities researchers at Scotiabank from a “strong sell” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Canadian Tire Price Performance

CTC opened at C$216.00 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68. The stock has a market capitalization of C$11.54 billion, a P/E ratio of 16.39, a PEG ratio of 0.49 and a beta of 0.39. The stock has a 50-day moving average price of C$219.10 and a 200-day moving average price of C$237.26. Canadian Tire has a 12-month low of C$201.12 and a 12-month high of C$274.01.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share for the quarter. The company had revenue of C$4.55 billion during the quarter. Canadian Tire had a return on equity of 11.54% and a net margin of 3.98%. Equities analysts predict that Canadian Tire will post 13.6961722 earnings per share for the current fiscal 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.