Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Canadian Tire Co., Limited (OTCMKTS:CDNAF) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $205.00.

Several brokerages have commented on CDNAF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canadian Tire in a report on Friday, February 20th. TD Securities reiterated a “hold” rating and issued a $205.00 target price on shares of Canadian Tire in a report on Friday, February 20th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a report on Friday, May 15th. Finally, Scotiabank upgraded shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a report on Friday, February 20th.

Canadian Tire Stock Performance

Shares of CDNAF opened at $128.18 on Monday. Canadian Tire has a one year low of $102.83 and a one year high of $152.90. The company has a 50-day moving average of $134.76 and a two-hundred day moving average of $130.82. The stock has a market cap of $6.74 billion and a price-to-earnings ratio of 27.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.44.

Canadian Tire (OTCMKTS:CDNAF) last announced its earnings results on Thursday, May 14th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.30 by $0.17. Canadian Tire had a net margin of 3.63% and a return on equity of 10.65%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion.

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.