Latest corporate earnings surprisingly good.
Very strong brand across Canada.
Well managed company.
Current valuation is trading at a fair price.
Will continue to watch outlook for business.
It has not picked up to the same extent as HD-N. We are dealing with a general consumer related store whereas HD-N has benefited from the home renovation space because at home what else are you going to do with your day when shut in but renovate. As stores start to re-open again and assuming there are no setbacks, then he feels CTC-T stock will continue to appreciate. It is a solid company and much more diversified than it was ten years ago.
Iconic Canadian brand but operating in a very competitive space. Most products are AMZN-Q'able. They have the credit card business which brings in 25% of their earnings but it is essentially sub-prime lending. Loan losses are skyrocketing at a time when bankrupsies are skyrocketing. It is not timely from this perspective. They have been buying back stock but he thinks the runway for that is getting pretty short.
Canadian Tire Corporation Ltd is a Canadian stock, trading under the symbol CTC-T on the Toronto Stock Exchange (CTC-CT). It is usually referred to as TSX:CTC or CTC-T
In the last year, 5 stock analysts published opinions about CTC-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Tire Corporation Ltd.
Canadian Tire Corporation Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Tire Corporation Ltd.
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.
5 stock analysts on Stockchase covered Canadian Tire Corporation Ltd In the last year. It is a trending stock that is worth watching.
On 2023-03-16, Canadian Tire Corporation Ltd (CTC-T) stock closed at a price of $308.
Great Canadian company.
Very cheap valuation on the stock price.
~4% dividend yield is strong.
Beat guidance last quarter.
Economic headwinds could weigh on the company.