Buy, Sell or Hold: Canadian Tire Corporation Ltd. (A) (CTC.A-T)

TSE:CTC.A

161.80

5.17 (3.10%) 1d

Showing 1 to 15 of 329 entries

BUY

He just added this. It's a cheap large cap. CTC sold a lot of outdoor furniture, which was a pandemic bump. They did a great job with supply chain management. Their loyalty program gets cross-selling among their businesses--very good. They're very shareholder-friendly by raising the dividend. Same-store sales growth may be less strong vs. last year, but this is priced into the stock.

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DON'T BUY

Did well in pandemic, but worries this may go into reverse. Likes management, dividend, online efforts, business itself. Likes fundamentals, but not the macro. Discretionary spending on durable goods is a lot of what they sell and may get squeezed.

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BUY

The weather is in their favour--a snowy winter. Their valuation is fair, around 10x. Will continue to do well longer-term. It's struggled the last couple years to keep up, but recently has done well. He owns little pure retail, but this is a good bet long term.

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WEAK BUY

Manulife vs. Canadian Tire as a dividend play He nearly made MFC a top pick today. He'd certainly buy. They just hiked their dividend and in the US they offloaded a lot of long-term risk. He through the market would have been more positive about the latter. Pays a 5.5% dividend now. Catalysts are head driven by new managers. He prefers MFC over Canadian Tire which faces rising input costs, lots of competition and weaker management. That said, CT is a decent investment.

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DON'T BUY

Benefited during Covid, as their stores could stay open. Consumers were focused on buying goods then, but are now transitioning to services. Growth is domestic, just in Canada. She's not looking to add it to her portfolio.

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DON'T BUY

Future concerns him. Supply chain issues, cost inflation on goods and labour, massive pull forward in durable goods right now. There are only so many durable goods (such as vacuum cleaners) people need, and then demand drops off. One positive is vehicle repair, but he's firmly on the sidelines.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They have survived competition and recessions. They are well positioned. Stock price remains cheap at 11x earnings. The dividend has grown nicely. Balance sheet looks okay with the last quarter showing 30% better than expected on EPS. Unlock Premium - Try 5i Free

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HOLD

They've been awfully impressive this last year. They have limited growth, being stuck in Canada. Good dividend. If he owned it, he'd hold. Other areas of the market have more upside. One you don't lose sleep over. They have capital to make some kind of acquisition.

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WAIT

Durable goods has had a boom. We are probably past the best point of that. Would be cautious on their YOY trend. This drives the momentum in the stock price. Faster money investors hop on the trend and leaves to push down the price. The dividend has improved and increased at a good pace. There could be an intersection where share prices fall and dividends increase. Start a position when this happens.

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WAIT

Tends to perform well in late January into April, which it did this year. Recent pullback. Well positioned in terms of products. Click and collect set the trend. Hold off right now. During its next seasonality, it should perform well.

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TOP PICK

Pays a 2.5% dividend, but generates a lot of cash flow at 17.1% cash flow yield. Earnings to grow 14% in 2022 or 11.7x PE. Analysts have bumped up earnings estimates by 2% in the past 90 days. An analyst today said this is trading at historic oversold levels in the past decade. (Analysts’ price target is $190.58)

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HOLD

When Walmart arrived in Canada, he felt that CTC was untouchable. It's the go-to place for smaller Canadian communities. Their stores remained open during the lockdown. CTC is trading around $165 and is a solid hold. As the economy reopens, people will spend elsewhere, though. You can buy this on a $10-20 pullback. Aritzia is a better bet though.

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COMMENT

It's one of the best survivors in retail. They held their own against Walmart. Great job diversifying into Sportscheck and Marks Work Warehouse. They have the goods that people want, so have benefitted from the pandemic. But the stock has recovered a lot. Trades at a 10x earning basis, so cheap. That said, there are better retailers, like ATD'B. CTC.A is well-diversified, though.

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HOLD

Hard to analyze. Retail broadly is going through a change. One of the few allowed to stay open during the pandemic, so demand was pulled forward, but may taper off in coming years. Can they rework their retail model? Hold it at this price, but not willing to put new money in at these levels.

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DON'T BUY

It has benefited as their stores were deemed essential services. Traffic has increased in the past year. It is trading at a reasonable multiple, but she feels they are limited in geographical scope.

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Showing 1 to 15 of 329 entries

Canadian Tire Corporation Ltd. (A)(CTC.A-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 8

Stockchase rating for Canadian Tire Corporation Ltd. (A) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Tire Corporation Ltd. (A)(CTC.A-T) Frequently Asked Questions

What is Canadian Tire Corporation Ltd. (A) stock symbol?

Canadian Tire Corporation Ltd. (A) is a Canadian stock, trading under the symbol CTC.A-T on the Toronto Stock Exchange (CTC.A-CT). It is usually referred to as TSX:CTC.A or CTC.A-T

Is Canadian Tire Corporation Ltd. (A) a buy or a sell?

In the last year, 8 stock analysts published opinions about CTC.A-T. 4 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Tire Corporation Ltd. (A).

Is Canadian Tire Corporation Ltd. (A) a good investment or a top pick?

Canadian Tire Corporation Ltd. (A) was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Tire Corporation Ltd. (A).

Why is Canadian Tire Corporation Ltd. (A) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Tire Corporation Ltd. (A) worth watching?

8 stock analysts on Stockchase covered Canadian Tire Corporation Ltd. (A) In the last year. It is a trending stock that is worth watching.

What is Canadian Tire Corporation Ltd. (A) stock price?

On 2022-05-20, Canadian Tire Corporation Ltd. (A) (CTC.A-T) stock closed at a price of $161.8.

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