New Signal in Canadian Tire Corporation
Canadian Tire Corporation offers a broad range of products and services through retail brands and banners in Canada. The company has 488 Canadian Tire stores. They also own PartSource, Mark’s Work Warehouse, SportChek, Sports Experts, Forzani, Sport Mart, Atmosphere, National Sports, Athletes World, Hockey Experts, Sports Experts, Intersport, S3, Nevada Bob's Golf and Fitness Source. The company was founded in 1922 and is based in Toronto, Canada.
Canadian Tire (CTC.A) trades at 10.8X earnings and pays a 1.75% dividend. Their Return on Capital (ROC) is 14.0% and they have an earnings yield of 9.9%.
Dividends paid out have been rising steadily since 2004. Market capitalization is $CAD 5.3 billion.
LOW VALUATION IN CANADIAN TIRE AT $CAD 69.00 (CTC.A-T, $CAD $68.32)
Current position of the EPS line (in white) indicates that the shares are at a low valuation. Based on a continuation of the trend in earnings, the Purple Chips model has a target of $CAD 80.00 in 12 to 18 months.
