Stock Analysis
Analyst Target Price and Rating:
- Average Analyst Target Price: According to projections from 10 analysts, the average target price for Canadian Tire Corporation Limited’s stock over the next 12 months is CAD 161.08. This target price reflects analysts’ expectations for the company’s future performance and potential upside.
- Average Analyst Rating: The average analyst rating for Canadian Tire Corporation Limited is Buy, indicating a consensus among analysts that the stock represents an attractive investment opportunity.
Stock Target Advisor’s Analysis:
- Own Stock Analysis: Stock Target Advisor’s analysis of Canadian Tire Corporation Limited’s stock is categorized as Slightly Bearish. This assessment is based on a combination of positive and negative signals identified by the analysis.
- Positive Signals: Despite the slightly bearish outlook, there are 4 positive signals identified by the analysis. These signals may include factors such as favorable financial indicators, industry trends, or company-specific developments that suggest potential for growth.
- Negative Signals: Conversely, there are 9 negative signals identified by the analysis. These signals may encompass challenges or risks facing the company, such as industry headwinds, financial concerns, or regulatory issues that could impact its performance.
Stock Performance:
- Recent Closing Price: At the last closing, Canadian Tire Corporation Limited’s stock price was CAD 136.55. This price serves as a reference point for evaluating the stock’s performance relative to analyst projections and market trends.
- Price Change: Over recent periods, the stock has experienced fluctuations in its price. It has increased by +3.24% over the past week, +1.07% over the past month, and -23.12% over the last year. These changes reflect shifts in investor sentiment, market dynamics, and company-specific developments influencing the stock’s valuation.
In summary, while analysts anticipate a Buy rating and an average target price of CAD 161.08 for Canadian Tire Corporation Limited’s stock, Stock Target Advisor’s analysis presents a slightly bearish outlook based on a mix of positive and negative signals. The stock’s recent performance indicates short-term gains but a significant decline over the past year, subject to various market factors and company-specific developments. Investors should carefully consider these factors when making investment decisions regarding Canadian Tire Corporation Limited’s stock.
