Canadian Tire (TSE:CTC) PT Set at C$140.00 by Scotiabank

Canadian Tire (TSE:CTC) received a C$140.00 target price from analysts at Scotiabank in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. Scotiabank’s price objective indicates a potential downside of 39.74% from the stock’s previous close.

Separately, Royal Bank of Canada lowered shares of Canadian Tire from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th.

Canadian Tire Stock Up 5.6 %

TSE:CTC opened at C$232.32 on Friday. The stock’s fifty day moving average price is C$217.99 and its two-hundred day moving average price is C$222.69. The company has a market cap of C$794.53 million, a price-to-earnings ratio of 33.92, a P/E/G ratio of 0.49 and a beta of 1.33. Canadian Tire has a 52-week low of C$192.10 and a 52-week high of C$275.36. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$3.59 EPS for the quarter, topping analysts’ consensus estimates of C$3.02 by C$0.57. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. During the same period last year, the business earned $2.96 earnings per share. On average, analysts anticipate that Canadian Tire will post 13.6961722 EPS for the current year.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.