Canadian Tire Corporation Ltd (CTC-T) Stock Predictions - Stockchase
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Canadian Tire Corporation Ltd (CTC-T)

ON STOCKCHASE SINCE Oct 2000

specialty stores

Canadian Tire Corporation...

CTC-T

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Canadian Tire Corporation Ltd (CTC-T) SAVE Apr, 22, 2019, 2:17 pm

221.36 4.64 (2.05%)

About Canadian Tire Corporation Ltd (CTC-T)

Canadian Tire Corporation, Limited is a Canadian retail company which sells a wide range of automotive, hardware, sports and leisure, and home products. Some stores also sell toys and food products. More at Wikipedia

What the experts are saying about CTC-T



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DON'T BUY
The company trades at 12 times earnings, but despite the reasonable metrics, she does not own a lot in the retail brick and mortar space in Canada. The online competition is fierce. She does not see strong growth prospects here.
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The company trades at 12 times earnings, but despite the reasonable metrics, she does not own a lot in the retail brick and mortar space in Canada. The online competition is fierce. She does not see strong growth prospects here.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$230.000
Owned Owned
No

HOLD
He does not own it presently. He is surprised at how it has pulled back -- thinking it is based on general market conditions. He thinks they did an excellent job with Mark's and SportChek and expects another acquisition over time. As long term investor should continue to hold. (Analysts’ price target is $185.00)
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He does not own it presently. He is surprised at how it has pulled back -- thinking it is based on general market conditions. He thinks they did an excellent job with Mark's and SportChek and expects another acquisition over time. As long term investor should continue to hold. (Analysts’ price target is $185.00)
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Bruce Campbell

President , Stone Castle Investm...

Price Price
$231.500
Owned Owned
No

DON'T BUY

Well-run retailer, but he's concenered with outside disruption, a digital competitor. It could happen. In retail, he considers the future. They have a decent balance sheet though.

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Well-run retailer, but he's concenered with outside disruption, a digital competitor. It could happen. In retail, he considers the future. They have a decent balance sheet though.

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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$238.640
Owned Owned
Unknown

BUY on WEAKNESS

One of the few great Canadian retail stocks. There's support below current levels. When a quality stock is down 10-20%, then buy more. Buy if you can't do that, then maybe you shouldn't be owning it in the first place.

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One of the few great Canadian retail stocks. There's support below current levels. When a quality stock is down 10-20%, then buy more. Buy if you can't do that, then maybe you shouldn't be owning it in the first place.

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Jason Del Vicar

Portfolio , HollisWealth...

Price Price
$237.020
Owned Owned
No

HOLD

This is a great company. When WalMart entered Canada, they considered Canadian Tire the one company that was unassailable. They’ve done a good job of diversifying and of controlling the sports business in Canada. Their business model--control small-town Canada--has been very dependable. However, they are dependent on external factors. For example, it has to snow enough for them to sell snow-seasonal items. The stock has done very well over the past 5 years. He sees no reason not to own it, but he wouldn’t buy more. It costs too much.

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This is a great company. When WalMart entered Canada, they considered Canadian Tire the one company that was unassailable. They’ve done a good job of diversifying and of controlling the sports business in Canada. Their business model--control small-town Canada--has been very dependable. However, they are dependent on external factors. For example, it has to snow enough for them to sell snow-seasonal items. The stock has done very well over the past 5 years. He sees no reason not to own it, but he wouldn’t buy more. It costs too much.

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$245.600
Owned Owned
Yes

DON'T BUY

The stock has done well, but its growth is limited by limited Canadian consumer spending.  He owns Loblaws and Leons instead.  He thinks the valuation is too expensive at this level.  

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The stock has done well, but its growth is limited by limited Canadian consumer spending.  He owns Loblaws and Leons instead.  He thinks the valuation is too expensive at this level.  

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$248.100
Owned Owned
No

HOLD

It's a decent long-term hold. A good operator. The debt-ridden Canadian consumer makes him nervous, so he's avoiding this space for now. As interest rates rise, consumers may spend less at Canadian Tire. The stock has been underperforming. There could be an entry point in the fall.

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It's a decent long-term hold. A good operator. The debt-ridden Canadian consumer makes him nervous, so he's avoiding this space for now. As interest rates rise, consumers may spend less at Canadian Tire. The stock has been underperforming. There could be an entry point in the fall.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$242.750
Owned Owned
No

PAST TOP PICK

(A Top Pick February 22/18 Down 6%)   The Helly-Hansen acquisition has brought headwinds to this stock.  They have made acquisitions in the past, but this seemed strange and very expensive.  The seasonal peak for this stock is January 11 to April 12, so he would not hold this now.    

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(A Top Pick February 22/18 Down 6%)   The Helly-Hansen acquisition has brought headwinds to this stock.  They have made acquisitions in the past, but this seemed strange and very expensive.  The seasonal peak for this stock is January 11 to April 12, so he would not hold this now.    

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$246.000
Owned Owned
No

HOLD

[What is P/B, like Canadian Tire's?] P/B is the price of the stock against its accounting book value, the money that's gone into creating the existing company. Some say it's an historic measure which get distorted over time, like a factory they own that's greatly appreciated in value. He uses it to measure how management uses shareholders' money, but you must also look at P/E and ROE. Canadian Tire is selling at a higher historic P/B because it's done so well, especially in the face of Home Depot and Walmart. They may have challenges online battling Amazon. Would like to see Canadian Tire at a lower P/B perhaps between 1.5x and 2.5.

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[What is P/B, like Canadian Tire's?] P/B is the price of the stock against its accounting book value, the money that's gone into creating the existing company. Some say it's an historic measure which get distorted over time, like a factory they own that's greatly appreciated in value. He uses it to measure how management uses shareholders' money, but you must also look at P/E and ROE. Canadian Tire is selling at a higher historic P/B because it's done so well, especially in the face of Home Depot and Walmart. They may have challenges online battling Amazon. Would like to see Canadian Tire at a lower P/B perhaps between 1.5x and 2.5.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$246.000
Owned Owned
Unknown

DON'T BUY

It’s one of the few names in the retail space that has done quite well despite the current challenges to bricks and mortar. Their share price has outperformed the TSX since 2010-2011. They have diversified, with Canadian Tire stores generating 65% of sales, FGL Sports generating about 20%  and Marks generating 15%. They have lots of cash,they have slowly loosened up the purse strings by raising the dividend and they have a very healthy balance sheet.

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It’s one of the few names in the retail space that has done quite well despite the current challenges to bricks and mortar. Their share price has outperformed the TSX since 2010-2011. They have diversified, with Canadian Tire stores generating 65% of sales, FGL Sports generating about 20%  and Marks generating 15%. They have lots of cash,they have slowly loosened up the purse strings by raising the dividend and they have a very healthy balance sheet.

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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$243.000
Owned Owned
Yes

BUY

The season period is January to Mid-April.  It was in an ascending bullish triangle and then it popped when they came out with great earnings.  This is very positive.  It has still has room to move higher.

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The season period is January to Mid-April.  It was in an ascending bullish triangle and then it popped when they came out with great earnings.  This is very positive.  It has still has room to move higher.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$205.000
Owned Owned
Unknown

WAIT

He tends not to ‘step into traffic’ and initiate new positions before important news releases.  Wait for the earnings.  We have seen two or three months of very weak Canadian retail sales growth and so the stock has come down.

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He tends not to ‘step into traffic’ and initiate new positions before important news releases.  Wait for the earnings.  We have seen two or three months of very weak Canadian retail sales growth and so the stock has come down.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$196.000
Owned Owned
Unknown

COMMENT

It had a very good run and had a bit of a dip here.  The worst for Canada has been seen from an energy price perspective.  The retail area is economically sensitive and hot hit. 

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It had a very good run and had a bit of a dip here.  The worst for Canada has been seen from an energy price perspective.  The retail area is economically sensitive and hot hit. 

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Brendan Caldwel

President, Caldwell Securities...

Price Price
$194.510
Owned Owned
No

WATCH

1.7% yield.  It is coming along.  They have been increasing their dividend.  The retail business is tough.  There is lots of competition.  There does not seem to be a long term sustainable advantage that gets them to the 5% yield that he likes to see.  Also, there has been financial engineering like spinning out their real estate.  He is passing and would not be considering it except at a bottom.

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1.7% yield.  It is coming along.  They have been increasing their dividend.  The retail business is tough.  There is lots of competition.  There does not seem to be a long term sustainable advantage that gets them to the 5% yield that he likes to see.  Also, there has been financial engineering like spinning out their real estate.  He is passing and would not be considering it except at a bottom.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$208.900
Owned Owned
No

BUY

He has been looking closely at it for about 8 months.  He will be buying it in the near future.  You could call it consumer discretionary, but it is not overly cyclical.  They have done a great job with the products they have put in the store.  The balance sheet looks good.

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He has been looking closely at it for about 8 months.  He will be buying it in the near future.  You could call it consumer discretionary, but it is not overly cyclical.  They have done a great job with the products they have put in the store.  The balance sheet looks good.

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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$201.000
Owned Owned
No

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