Canadian Tire Consensus Analyst Rating and Stock Price Forecast (2024)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
Analysts' Consensus Rating
Hold
Based on 8 Analyst Ratings
Analysts' Consensus Price Target
C$162.44
19.50% Upside
| High Forecast | C$202.00 |
|---|---|
| Average Forecast | C$162.44 |
| Low Forecast | C$146.00 |
| Type | Current Forecast 3/12/23 to 3/11/24 | 1 Month Ago 2/10/23 to 2/10/24 | 3 Months Ago 12/12/22 to 12/12/23 | 1 Year Ago 3/12/22 to 3/12/23 |
|---|---|---|---|---|
| Consensus Rating | Hold | ModerateBuy | ModerateBuy | Buy |
| Strong Buy | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) |
| Buy | 3 Buy rating(s) | 4 Buy rating(s) | 5 Buy rating(s) | 6 Buy rating(s) |
| Hold | 5 Hold rating(s) | 4 Hold rating(s) | 3 Hold rating(s) | 0 Hold rating(s) |
| Sell | 0 Sell rating(s) | 0 Sell rating(s) | 0 Sell rating(s) | 0 Sell rating(s) |
| Consensus Price Target | C$162.44 | C$167.56 | C$170.33 | C$203.75 |
| Predicted Upside | 19.50% Upside | 17.82% Upside | 20.24% Upside | 17.37% Upside |
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CTC.A Analyst Ratings By Month
The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
CTC.A Price Targets by Month
The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Canadian Tire Stock vs. The Competition
| Type | Canadian Tire | Consumer Cyclical Companies |
|---|---|---|
| Consensus Rating Score | 2.38 | 2.43 |
| Consensus Rating | Hold | Hold |
| News Sentiment Rating | Neutral News | Neutral News |
Recent Analyst Ratings and Stock Forecasts
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| Date | Brokerage | Analyst Name | Action | Rating | Price Target | Upside/Downside on Report Date | Details |
|---|---|---|---|---|---|---|---|
| 2/20/2024 | BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating | Downgrade | Outperform ➝ Market Perform | C$170.00 ➝ C$150.00 | +8.62% | ||
| 2/16/2024 | Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | Outperform | C$199.00 ➝ C$195.00 | +38.10% | ||
| 2/16/2024 | TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | Hold | C$160.00 ➝ C$155.00 | +9.77% | ||
| 2/16/2024 | National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | Sector Perform | C$152.00 ➝ C$146.00 | +3.40% | ||
| 2/16/2024 | Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | Outperform | C$158.00 ➝ C$150.00 | +6.23% | ||
| 2/16/2024 | Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | Buy | C$170.00 ➝ C$160.00 | +13.31% | ||
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| 2/16/2024 | CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | Neutral | C$153.00 ➝ C$150.00 | +6.23% | ||
| 2/7/2024 | Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating | Downgrade | Buy ➝ Hold | C$167.00 ➝ C$154.00 | +8.28% | ||
Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:15 AM ET.
CTC.A Price Target - Frequently Asked Questions
What is Canadian Tire's consensus rating and price target?
According to the issued ratings of 8 analysts in the last year, the consensus rating for Canadian Tire stock is Hold based on the current 5 hold ratings and 3 buy ratings for CTC.A. The average twelve-month price prediction for Canadian Tire is C$162.44 with a high price target of C$202.00 and a low price target of C$146.00. Learn more on CTC.A's analyst rating history.
Do Wall Street analysts like Canadian Tire more than its competitors?
Analysts like Canadian Tire less than other Consumer Cyclical companies. The consensus rating score for Canadian Tire is 2.38 while the average consensus rating score for consumer cyclical companies is 2.44. Learn more on how CTC.A compares to other companies.
Is Canadian Tire being downgraded by Wall Street analysts?
Over the previous 90 days, Canadian Tire's stock had 2 downgrades by analysts.
Does Canadian Tire's stock price have much upside?
According to analysts, Canadian Tire's stock has a predicted upside of 13.58% based on their 12-month stock forecasts.
What analysts cover Canadian Tire?
Canadian Tire has been rated by BMO Capital Markets, Canaccord Genuity Group, CIBC, Desjardins, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
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