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Looking to buy Canadian Tire stock in Canada? Here’s everything you need to know, including the current Canadian Tire stock price, online brokers with access to Canadian Tire stock and the answer to the question, “Is it a good time to buy Canadian Tire stock?” Read our guide below.
Canadian Tire is a specialty retail business based in Canada. Canadian Tire stocks (CTC.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$313.67 – an increase of 2.84% over the previous week. Canadian Tire employs 13,802 staff and has a trailing 12-month revenue of around C$17.7 billion.
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| Latest market close | C$313.67 |
|---|---|
| 52-week range | C$240.36 - C$395.73 |
| 50-day moving average | C$320.37 |
| 200-day moving average | C$292.12 |
| Wall St. target price | C$4.00 |
| PE ratio | 21.1797 |
| Dividend yield | C$6.7 (2.22%) |
| Earnings per share (TTM) | C$14.69 |
Note: The dollar amounts in the table below are in Canadian dollars.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the close of C$313.67 from 2023-05-30
| 1 week (2023-05-25) | 2.84% |
|---|---|
| 1 month (2023-05-02) | 1.18% |
| 3 months (2023-03-02) | -3.34% |
| 6 months (2022-12-02) | 6.35% |
| 1 year (2022-06-02) | -19.05% |
|---|---|
| 2 years (2021-06-02) | 26.15% |
| 3 years (2020-06-02) | 40.04% |
| 5 years (2018-06-01) | 29.22% |
Valuing Canadian Tire stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Canadian Tire's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
| Revenue TTM | C$17.7 billion |
|---|---|
| Operating margin TTM | 10.15% |
| Gross profit TTM | C$5.7 billion |
| Return on assets TTM | 5.14% |
| Return on equity TTM | 15.9% |
| Profit margin | 5.58% |
| Book value | C$93.12 |
| Market capitalisation | C$10.1 billion |
TTM: trailing 12 months
Dividend payout ratio: 45.28% of net profits
Recently Canadian Tire has paid out, on average, around 45.28% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.22% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Canadian Tire shareholders could enjoy a 2.22% return on their shares, in the form of dividend payments. In Canadian Tire's case, that would currently equate to about C$6.7 per share.
While Canadian Tire's payout ratio might seem fairly standard, it's worth remembering that Canadian Tire may be investing much of the rest of its net profits in future growth.
Canadian Tire's most recent dividend payout was on 1 September 2023. The latest dividend was paid out to all shareholders who bought their shares by 28 July 2023 (the "ex-dividend date").
Over the last 12 months, Canadian Tire's shares have ranged in value from as little as C$240.3576 up to C$395.7272. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Canadian Tire's is 1.2506. This would suggest that Canadian Tire's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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, tires as well as automotive services and roadside assistance; kitchen, home organization, decor, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods. It also retails Christmas trees, lights and decor, Halloween décor and costumes, yard care and maintenance, and snow removal equipment; patio furniture, barbeques, pools, trampolines, outdoor power equipment and tools, plants and gardening supplies; backyard amusement, pool fun, and toys and games; gasoline; sporting goods and active wear; casual and industrial apparel and footwear; and outerwear, base-layer, and workwear. This segment offers its products under the Canadian Tire, Pro Hockey Life, Mark's, PartSource, Helly Hansen, Party City, Petroleum, and SportChek brand names. 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 373 properties comprising Canadian Tire stores, Canadian Tire anchored retail developments, industrial properties, a mixed-use commercial property, and development properties.
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