DON'T BUY

Online shopping taking major toll on business.
Not as many visitors in the past.
Business not competing well with Amazon.
Rewards program not very good.
Not a good time to invest in business. 

specialty stores
BUY ON WEAKNESS

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.

specialty stores
BUY ON WEAKNESS

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. 

specialty stores
COMMENT
It had basically been moving sideways but the downtrend is continuing so it is less appealing.
specialty stores
BUY ON WEAKNESS
Great brick and mortar company with history of success. Recent recession worries have been tough on company. 8x P/E multiple a good valuation to buy at. Excellent management team and balance sheet.
specialty stores
SELL
It is an amazing stock. Historically it has peaked 3 times at 2 1/2 X Book and then falls. It is back up to its peak again so time to sell.
specialty stores
Unspecified
It is well run but is competing against online shopping. It gives exposure to only the Canadian shopper and you should consider multinational companies with consumers better off than Canadian consumers who carry a lot of debt, the most in the world.
specialty stores
BUY ON WEAKNESS
Company is a success story in the Canadian retail industry. Well managed company. As discretionary spending decreases, will be a risk. Costs of inventory will also be a risk (rising inflation). Secure dividend and strong financials. Would wait to buy on weakness.
specialty stores
HOLD
Allan Tong’s Discover Picks Canadian Tire boasts a wide range of household goods at decent prices, but consumers will have much more choice in buying that patio set or baseball glove. True, last summer’s partial reopenings didn’t dent the stock price, but the Tire’s website still sucks. Price to cash flow is inline with its peers at 6.5x, though CTC stock’s PE of 13.4x is slightly higher than the industry’s 12.8x. Its profit margin of 5.8% is just below the industry’s 6%. Overall, not bad. Read Battle of the Stocks: 2021 Consumer Staples Stocks for our full analysis.
specialty stores
WAIT
It has been a big beneficiary of the pandemic as they were one of the few that were able to still operate. At-home and camping leisure benefitted them. It's good for long term growth but he would not put new money in today.
specialty stores
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.
specialty stores
BUY

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.

specialty stores
DON'T BUY

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.

specialty stores
COMMENT
Voting share divergence? Split share structures can go wrong sometimes. The A shares, gives the founders a larger voting right. This could be an example of an activist voting issue. The CTC shares hardly trade -- only 200 shares a day approximately.
specialty stores
DON'T BUY
The short seller in the states, Spruce point, by going through their debt structure. They also said the company’s not moving fast enough into e-commerce. The short seller sees 50% downsides. From a technical perspective, they don’t do well in January. Resistance is around $160 and we‘ve pulled back.
specialty stores
Showing 1 to 15 of 207 entries

Canadian Tire Corporation Ltd(CTC-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Canadian Tire Corporation Ltd 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(CTC-T) Frequently Asked Questions

What is Canadian Tire Corporation Ltd stock symbol?

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

Is Canadian Tire Corporation Ltd a buy or a sell?

In the last year, 4 stock analysts published opinions about CTC-T. 3 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.

Is Canadian Tire Corporation Ltd a good investment or a top pick?

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

Why is Canadian Tire Corporation Ltd 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 worth watching?

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

What is Canadian Tire Corporation Ltd stock price?

On 2023-09-26, Canadian Tire Corporation Ltd (CTC-T) stock closed at a price of $285.