Canadian Tire Corp. Ltd. (CDNAF) Stock Forecast & Predictions

Canadian Tire Corporation, Limited Class A CDNAF: $151.18

2180 Yonge Street, Toronto, ON, CA. | Sector: Retail Trade | Exchange: US OTC | Web: http://www.canadiantire.ca

  • Market Cap$8.68B
  • Change (52 Weeks)121.41%
  • Low (52 Weeks)$65.68
  • Canadian Tire Corp. Ltd. (CDNAF) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Canadian Tire Corp. Ltd. (CDNAF) is based on 19 Institutional Analyst Ratings where 57.89% are on Strong Buy, 15.79% on Moderate Buy, 21.05% remains on Hold, 5.26% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended CDNAF stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Canadian Tire Corp. Ltd..

    Canadian Tire Corp. Ltd. (CDNAF) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    SbankUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    BMO Capital MarketsUpgraded
    CIBC World MarketsUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialOutperformUpgraded
    National Bank FinancialUpgraded
    BMO Capital MarketsUpgraded
    Eight CapitalNeutralInitiated
    SbankUpgraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsUpgraded
    TD SecuritiesAction List BuyUpgraded
    RBC CapitalOutperformDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityDowngraded
    BMO Capital MarketsDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityDowngraded
    CIBC World MarketsDowngraded
    TD SecuritiesAction List BuyUpgraded
    RBC CapitalDowngraded
    National Bank FinancialOutperformDowngraded
    BMO Capital MarketsDowngraded
    National Bank FinancialOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    RBC CapitalOutperformDowngraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsUpgraded
    TD SecuritiesBuyDowngraded
    RBC CapitalOutperformDowngraded
    Canaccord GenuityDowngraded
    BMO Capital MarketsDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsMarket PerformInitiated
    Raymond James FinancialOutperformInitiated
    RBC CapitalOutperformDowngraded
    Raymond James FinancialDowngraded
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsMarket PerformDowngraded
    BarclaysEqual WeightDowngraded
    RBC CapitalUpgraded
    National Bank FinancialOutperformInitiated
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    BarclaysUpgraded
    Raymond James FinancialOutperformDowngraded
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsDowngraded
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformInitiated
    Desjardins SecuritiesUpgraded
    Canaccord GenuityInitiated
    BarclaysUpgraded
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsOutperformInitiated
    BarclaysDowngraded
    TD SecuritiesBuyDowngraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsDowngraded
    Broadpoint CapitalHoldDowngraded
    BMO Capital MarketsDowngraded
    BarclaysUpgraded
    RBC CapitalOutperformDowngraded
    BarclaysUpgraded
    TD SecuritiesBuyUpgraded
    SbankSector PerformUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityBuyInitiated
    BMO Capital MarketsUpgraded
    BarclaysUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    Eight CapitalUpgraded
    CIBC World MarketsUpgraded
    BarclaysUpgraded
    TD SecuritiesBuyUpgraded
    SbankSector PerformUpgraded
    National Bank FinancialOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    Eight CapitalBuyUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsOutperformDowngraded
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformDowngraded
    RBC CapitalOutperformDowngraded
    Desjardins SecuritiesBuyMaintained
    Eight CapitalNeutralMaintained
    RBC CapitalOutperformMaintained
    Raymond James FinancialOutperformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysOverweightMaintained
    TD SecuritiesBuyMaintained
    SbankSector PerformMaintained
    RBC CapitalOutperformMaintained
    Raymond James FinancialOutperformMaintained
    Desjardins SecuritiesHoldMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityBuyMaintained
    BMO Capital MarketsMaintained
    BarclaysMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsMaintained
    RBC CapitalMaintained
    BarclaysOverweightMaintained
    TD SecuritiesBuyMaintained
    SbankSector PerformMaintained
    RBC CapitalMaintained
    Raymond James FinancialOutperformMaintained
    Desjardins SecuritiesBuyMaintained
    Credit SuisseMaintained
    Canaccord GenuityHoldMaintained
    SbankSector PerformMaintained
    TD SecuritiesBuyMaintained
    RBC CapitalOutperformMaintained
    Raymond James FinancialOutperformMaintained
    National Bank FinancialSector PerformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsNeutralMaintained
    BarclaysOverweightMaintained
    National Bank FinancialSector PerformMaintained
    RBC CapitalOutperformMaintained
    Bank of AmericaBuyMaintained
    Desjardins SecuritiesBuyMaintained
    Credit SuisseMaintained
    CIBC World MarketsSector OutperformerMaintained
    BMO Capital MarketsMaintained
    BarclaysOverweightMaintained
    Raymond James FinancialOutperformMaintained
    National Bank FinancialSector PerformMaintained
    SbankSector PerformMaintained
    RBC CapitalOutperformMaintained
    TD SecuritiesBuyDowngraded
    BMO Capital MarketsOutperformMaintained
    RBC CapitalOutperformMaintained
    Desjardins SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    RBC CapitalTop PickMaintained
    Credit SuisseMaintained
    SbankSector PerformMaintained
    SbankMaintained
    Raymond James FinancialMaintained
    Raymond James FinancialOutperformMaintained
    BarclaysOutperformMaintained
    Canaccord GenuityBuyMaintained
    SbankSector PerformMaintained
    National Bank FinancialOutperformMaintained
    TD SecuritiesAction List BuyUpgraded
    Desjardins SecuritiesBuyMaintained
    BMO Capital MarketsOutperformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    Canaccord GenuityMaintained
    RBC CapitalOutperformMaintained
    Desjardins SecuritiesBuyMaintained
    CIBC World MarketsBuyMaintained
    SbankMaintained
    Canaccord GenuityOutperformMaintained
    RBC CapitalOutperformMaintained
    SbankMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialMaintained
    Canaccord GenuityBuyMaintained
    CIBC World MarketsSector OutperformMaintained
    Credit SuisseNeutralMaintained
    TD SecuritiesBuyMaintained
    National Bank FinancialMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    RBC CapitalOutperformMaintained
    Credit SuisseNeutralMaintained
    SbankSector PerformMaintained
    National Bank FinancialMaintained
    Desjardins SecuritiesBuyMaintained
    SbankMaintained

    Canadian Tire Corp. Ltd. (CDNAF) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.880
    The average consensus EPS for CDNAF is $2.880 with a high estimate of $3.265 and Low of $2.225 for the period 2021-06-30 and based on 11 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $8.4$6.89456252020-12-31


    The latest average Earning Per Share Estimate for Canadian Tire Corp. Ltd. is $2.88, which is lower than CDNAF's last EPS, $8.40. This means that Analysts are expecting Canadian Tire Corp. Ltd. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Canadian Tire Corp. Ltd..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $8.4$6.89456252020-12-31
    $4.93$3.84318750000000042020-09-30
    $-0.25$-0.101527100000000012020-06-30
    $-0.13$-0.32812712020-03-31
    $5.53$5.5622019-12-31
    $3.46$3.57557292019-09-30
    $2.97$3.0977252019-06-30
    $4.78$4.8336872018-12-31
    $3.47$2.9314832018-09-30
    $2.61$3.12836752018-06-30
    $1.37$1.42613800000000012018-03-31
    $4.1$3.9121462017-12-31
    $2.73$2.78381192017-09-30
    $2.81$2.59102682017-06-30
    $1.24$0.9810752017-03-31
    $3.46$3.50085670000000042016-12-31
    $2.44$2.44934000000000032016-09-30
    $2.46$2.401962016-06-30
    $0.9$0.86684800000000012016-03-31
    $3.01$2.62398682015-12-31
    $2.29$2.06481012015-09-30
    $2.15$2.26637082015-06-30
    $0.88$0.9006322015-03-31
    $2.59$2.59651672014-12-31
    $2.17$2.06868292014-09-30
    $2.12$2.07739672014-06-30
    $0.88$0.96992010000000012014-03-31
    $2.35$2.3019472013-12-31
    $1.79$1.82271890000000012013-09-30
    $1.91$1.81820752013-06-30
    $0.9$0.91283752013-03-31
    $2.21$2.23512012-12-31
    $1.61$1.724222012-09-30
    $1.83$1.56118129999999992012-06-30
    $0.87$0.81197992012-03-31
    $2.03$1.941552011-12-31
    $1.67$1.44372012011-09-30
    $1.29$1.49352011-06-30
    $0.71$0.73987992011-03-31
    $1.51$1.594442010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).