Canadian Tire (CTC.A) Stock Price, News & Analysis

Company Overview

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners. This segment also participates in loyalty programs, as well as sells its products online. The CT REIT segment operates as a closed-end real estate investment trust that holds a portfolio of properties comprising Canadian Tire stores, Canadian Tire anchored retail developments, mixed-use commercial property, and distribution centers. The Financial Services segment provides financial and other ancillary products and services, including credit cards, in-store financing, insurance products, and retail and broker deposits; and savings accounts and guaranteed investment certificates. The company was founded in 1922 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$182.32 to C$186.00
• 50-Day Range: C$168.68 to C$192.74
• 52-Week Range: C$136.10 to C$194.39
• Volume: 507,163 shs
• Average Volume: 302,938 shs
• Market Capitalization: C$9.61 billion
• P/E Ratio: 26.87
• Dividend Yield: 3.80%
• Price Target: C$177.50
• Consensus Rating: Moderate Buy

Canadian Tire Stock Analysis - MarketRank™

Canadian Tire scored higher than 39% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Canadian Tire has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Canadian Tire has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Tire is 26.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Tire is 26.87, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 68.65.

Price to Earnings Growth Ratio

Canadian Tire has a PEG Ratio of 0.35. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Canadian Tire has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CTC.A.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Canadian Tire is a leading dividend payer. It pays a dividend yield of 4.43%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canadian Tire does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canadian Tire is 102.19%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CTC.A.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.40

News Sentiment

Canadian Tire has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Canadian Tire this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for CTC.A on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added Canadian Tire to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Canadian Tire insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$80,447.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Canadian Tire is held by insiders.

Percentage Held by Institutions

Only 33.97% of the stock of Canadian Tire is held by institutions.

CTC.A Stock Analysis - Frequently Asked Questions

How have CTC.A shares performed this year?

Canadian Tire's stock was trading at C$151.22 at the beginning of the year. Since then, CTC.A shares have increased by 21.7% and is now trading at C$184.03.

How do I buy shares of Canadian Tire?

Shares of CTC.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Consumer Cyclical
• Industry: Specialty Retail
• Sub-Industry: N/A
• Current Symbol: TSE:CTC.A
• CIK: N/A
• Web: www.canadiantire.ca
• Phone: +1-416-4808725
• Fax: N/A
• Employees: 13,735
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Canadian Tire: C$177.50
• High Price Target: C$204.00
• Low Price Target: C$153.00
• Potential Upside/Downside: -3.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): C$6.85
• Trailing P/E Ratio: 26.87
• Forward P/E Ratio: 13.49
• P/E Growth: 0.35
• Net Income: C$381.70 million
• Net Margins: 2.33%
• Pretax Margin: N/A
• Return on Equity: 7.45%
• Return on Assets: 3.90%

Debt

• Debt-to-Equity Ratio: 173.58
• Current Ratio: 1.79
• Quick Ratio: 1.15

Sales & Book Value

• Annual Sales: C$16.35 billion
• Price / Sales: 0.59
• Cash Flow: C$10.29 per share
• Price / Cash Flow: 17.89
• Book Value: C$101.83 per share
• Price / Book: 1.81

Miscellaneous

• Outstanding Shares: 52,200,000
• Free Float: N/A
• Market Cap: C$9.61 billion
• Optionable: Not Optionable
• Beta: 1.33