Canadian Tire (OTCMKTS:CDNAF) Shares Gap Down – Should You Sell?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) gapped down before the market opened on Wednesday . The stock had previously closed at $138.20, but opened at $124.30. Canadian Tire shares last traded at $138.27, with a volume of 31 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and a consensus price target of $205.00.

Canadian Tire Stock Performance

The firm has a fifty day simple moving average of $132.95 and a 200-day simple moving average of $132.36. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83. The company has a market cap of $7.27 billion and a PE ratio of 29.54.

Canadian Tire (OTCMKTS:CDNAF) last posted its earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.17. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

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.