Canadian Tire (TSE:CTC) Trading 0.5% Higher – Still a Buy?

Canadian Tire Co., Limited (TSE:CTC) shares rose 0.5% during trading on Monday . The company traded as high as C$212.00 and last traded at C$212.00. 870 shares traded hands during trading, an increase of 67% from the average session volume of 521 shares. The stock had previously closed at C$211.00.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upgraded Canadian Tire to a “strong-buy” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Canadian Tire Stock Performance

The business’s fifty day moving average is C$213.76 and its 200 day moving average is C$216.29. The firm has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 0.49 and a beta of 0.69. 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 (TSE:CTC) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. The business had revenue of C$3.57 billion during the quarter. Canadian Tire had a net margin of 3.65% and a return on equity of 10.24%. Equities analysts predict that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current 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.