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Shares in Canadian Tire have steadily risen this year, outperforming the S&P/TSX composite index by about 35 per cent over the past 12 months. The climb has come even at a time when many competitors, including newcomer Target, are dealing with disappointing sales. With its shares at near record highs, is it time to sell – or buy in the hope the stock will continue its advance?
This report provides a detailed analysis that investors may want to review before buying or selling the stock.
StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Canadian Tire's average score is 9 out of 10. It recently slipped from a perfect 10 out of 10 score. The change was primarily due to a decline in the earnings and fundamental component scores.
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