Canadian Tire Corporation Limited sees a slight uptick in its stock amid new partnership announcements.
Canadian Tire Corporation Limited (CTC-A.TO) has experienced a modest increase of 0.98% in today's trading, despite a week-to-date decline of 1.64%. The company continues to navigate the consumer discretionary landscape, with recent news highlighting a new loyalty partnership aimed at enhancing customer engagement.
Advertisement
Canadian Tire Corporation Limited
CTC-A.TO
CTC-A.TO
Canadian Tire Corporation Limited
WealthAwesomeMarket cap
$9.75B
P/E
14.7x
Div. yield
3.79%
Div. / share
$7.17
52W high
$207.40
52W low
$154.67
1W change
-1.64%
Beta
0.95
Analyst Price Targets
Based on analyst covering CTC-A
Wall Street analysts forecast CTC-A stock price to rise 9.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$206.60
+9.4% Upside
Current Price
C$188.84
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CTC-A's historical volatility
30-Day Vol
19.3%
Annualized
90-Day Vol
21.5%
Annualized
Trend (90d)
+6.3%
Annualized drift
90d Mean
C$193.10
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$190.25 | C$178.02 โ C$203.32 |
| 60 trading days | C$191.67 | C$174.48 โ C$210.56 |
| 90 trading days | C$193.10 | C$172.11 โ C$216.66 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Investor takeaway: While the stock has fluctuated recently, the new loyalty partnership with Tims Rewards could signal a strategic move to attract more customers, potentially impacting future sales positively.
Canadian Tire Corporation Limited's stock closes at C$188.84.
The stock is currently trading 3.9% below its 50-day moving average and 1.9% above its 200-day moving average, reflecting mixed short-term and long-term trends.
Bull case
The recent partnership with Tims Rewards could boost customer loyalty and drive sales, strengthening the company's market position. The stock's current price is above its 200-day moving average, suggesting a longer-term positive trend.
Bear case
Despite the promising partnership announcement, the stock has declined over the past week and month, indicating challenges in sustaining growth. Additionally, the profit margin of 4.1% shows limited flexibility in a competitive retail environment.
Recent Price Action
Advertisement
Canadian Tire Corporation Limited's stock closed today at C$188.84, marking a 0.98% increase for the day. However, the stock has experienced a decline of 1.64% over the past week and 5.27% over the last month. Year-to-date, the stock is up 7.74%, indicating some resilience despite recent challenges.
Company News Catalyst
On September 2, Canadian Tire announced a strategic partnership between Triangle Rewards and Tims Rewards, aiming to enhance customer loyalty and engagement. This collaboration is expected to create synergies that could positively influence sales in the coming quarters, although the immediate impact on stock performance remains to be seen.
Technical Picture
From a technical standpoint, Canadian Tire's stock is currently trading 3.9% below its 50-day moving average of C$196.49, while it remains 1.9% above its 200-day moving average of C$185.25. The stock has a 52-week range of C$154.67 to C$207.40, placing it at approximately 65% of its range. With a beta of 0.95, the stock exhibits slightly lower volatility compared to the broader market. Today's trading volume was 226,061 shares, slightly above the 20-day average volume of 218,896 shares, indicating a modest increase in trading activity.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile โโ Reviewed by Certified Financial Professionals
This content has been reviewed by CFAยฎ charterholders and Certified Financial Planners (CFPยฎ) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFAยฎ charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFPยฎ professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
โ ๏ธ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
