Canadian Tire Corporation Ltd

CTC-T

TSE:CTC

223.50
6.75 (3.11%)
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.
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Analysis and Opinions about CTC-T

Signal
Opinion
Expert
BUY
BUY
May 25, 2020

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.

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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.

DON'T BUY
DON'T BUY
February 3, 2020

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.

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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.

COMMENT
COMMENT
December 11, 2019
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.
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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.
DON'T BUY
DON'T BUY
December 6, 2019
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.
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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.
BUY
BUY
November 26, 2019
Likes the company. There is a lot of negative sentiment around the name especially due to the Amazon effect. However, they are investing in proprietary brands which is positive. Their real estate and financial service is doing well. There is a lot of value here and is quite cheap.
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Likes the company. There is a lot of negative sentiment around the name especially due to the Amazon effect. However, they are investing in proprietary brands which is positive. Their real estate and financial service is doing well. There is a lot of value here and is quite cheap.
SELL STRENGTH
SELL STRENGTH
November 18, 2019
There is only so much they can do with their retail model. He has been waiting to lighten up for his clients that have this. You are looking at continuing tough competition.
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There is only so much they can do with their retail model. He has been waiting to lighten up for his clients that have this. You are looking at continuing tough competition.
SELL
SELL
July 11, 2019

Facing a 20% loss. Sell? It's missed earnings in 5 of the last 7 quarters, and it's exposed to the consumer discretionary space, which is vulnerable in a downturn. Also, it's vulnerable to Amazon. Their chart is making lower highs and lows as the TSX is moving the opposite direction. It isn't cheap, trading at 2.4x book value vs. 1.7x historic average. Also, past major downturns fell 60%.

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Facing a 20% loss. Sell? It's missed earnings in 5 of the last 7 quarters, and it's exposed to the consumer discretionary space, which is vulnerable in a downturn. Also, it's vulnerable to Amazon. Their chart is making lower highs and lows as the TSX is moving the opposite direction. It isn't cheap, trading at 2.4x book value vs. 1.7x historic average. Also, past major downturns fell 60%.

BUY WEAKNESS
BUY WEAKNESS
June 3, 2019
It has come down a bit and so might be a buy. They have done a tremendous job growing the business over the years in the face of intense competition. Management does not see a slowdown. They made an acquisition of a fashion business but there are some synergies. It is not expensive but you need to be aware of some of the risks.
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It has come down a bit and so might be a buy. They have done a tremendous job growing the business over the years in the face of intense competition. Management does not see a slowdown. They made an acquisition of a fashion business but there are some synergies. It is not expensive but you need to be aware of some of the risks.
DON'T BUY
DON'T BUY
February 13, 2019
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.
HOLD
HOLD
December 12, 2018
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)
DON'T BUY
DON'T BUY
October 17, 2018

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.

BUY WEAKNESS
BUY WEAKNESS
September 24, 2018

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.

HOLD
HOLD
September 18, 2018

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.

DON'T BUY
DON'T BUY
July 27, 2018

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.

HOLD
HOLD
May 25, 2018

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.

PAST TOP PICK
PAST TOP PICK
May 23, 2018

(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.

HOLD
HOLD
February 22, 2018

[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.

DON'T BUY
DON'T BUY
February 6, 2018

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.

BUY
BUY
February 23, 2017

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.

WAIT
WAIT
October 31, 2016

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.

COMMENT
COMMENT
July 14, 2016

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.

WATCH
WATCH
February 29, 2016

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.

BUY
BUY
January 11, 2016

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.

BUY
BUY
September 10, 2015

This is one of the companies in his safety and value portfolio. Valuations are okay, 15 times and he does not expect huge increases in earnings. They are in great shape on a balance sheet. He has had no sell signals. They are showing good quarterly earnings momentum.

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This is one of the companies in his safety and value portfolio. Valuations are okay, 15 times and he does not expect huge increases in earnings. They are in great shape on a balance sheet. He has had no sell signals. They are showing good quarterly earnings momentum.

BUY
BUY
July 20, 2015

It got revalued. It benefits from Target walking away from Canada. They executed well and are good long term thinkers. He thinks it will continue.

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It got revalued. It benefits from Target walking away from Canada. They executed well and are good long term thinkers. He thinks it will continue.

HOLD
HOLD
March 20, 2015

Has had a phenomenal run. It was not affected by Target coming into Canada. The vast majority of what they sell is imported from the US so the fall in the Canadian dollar will squeeze margins are cause price increases. Be cautious on this one.

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Has had a phenomenal run. It was not affected by Target coming into Canada. The vast majority of what they sell is imported from the US so the fall in the Canadian dollar will squeeze margins are cause price increases. Be cautious on this one.

DON'T BUY
DON'T BUY
December 29, 2014

(These are the voting shares and have very little volume.) The company has done a great job in developing its market profile. Its performance, until just recently, has had a pretty good run. The continuing decline in the Canadian$ makes purchases of foreign goods more expensive for any importer in the retail business. He would look elsewhere for retail exposure. If he were going to own it, he would own the A shares, because if something goes wrong, the B shares would be difficult to get out of.

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(These are the voting shares and have very little volume.) The company has done a great job in developing its market profile. Its performance, until just recently, has had a pretty good run. The continuing decline in the Canadian$ makes purchases of foreign goods more expensive for any importer in the retail business. He would look elsewhere for retail exposure. If he were going to own it, he would own the A shares, because if something goes wrong, the B shares would be difficult to get out of.

BUY WEAKNESS
BUY WEAKNESS
March 28, 2014

One of the few retailers she owns. They had benefited from the bad weather and she expects Q1 to look pretty good. Have announced that they are looking at monetizing their financial service subsidiary and are also looking at a real estate REIT transaction at some point. There are events happening and she would definitely hang onto this. She is personally buying it on dips.

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One of the few retailers she owns. They had benefited from the bad weather and she expects Q1 to look pretty good. Have announced that they are looking at monetizing their financial service subsidiary and are also looking at a real estate REIT transaction at some point. There are events happening and she would definitely hang onto this. She is personally buying it on dips.

DON'T BUY
DON'T BUY
May 15, 2013

When they announced they were going to spin off a REIT, while retaining 80 to 90% of the REIT, why did the stock go up so much since the value is already there? The psychological aspects of the stock market are not always rational. Investors are hoping for increased dividend. He doesn't own Canadian Tire, but the REIT might be interesting to him.

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When they announced they were going to spin off a REIT, while retaining 80 to 90% of the REIT, why did the stock go up so much since the value is already there? The psychological aspects of the stock market are not always rational. Investors are hoping for increased dividend. He doesn't own Canadian Tire, but the REIT might be interesting to him.

DON'T BUY
DON'T BUY
May 13, 2013

Just as a pure retail play very expensive right now.

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Just as a pure retail play very expensive right now.

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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 : 4

Total Signals / Votes : 7

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, 7 stock analysts published opinions about CTC-T. 3 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Andrew Pyle on 2020-05-25. 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?

7 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 2020-05-26, Canadian Tire Corporation Ltd (CTC-T) stock closed at a price of $223.5.