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Stock analysis: Canadian Tire gets high score as shares hit record highs

Customers arrive at the Canadian Tire store in North Vancouver, B.C. on February 10, 2011.

Andy Clark/REUTERS

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries. Globe Unlimited subscribers get unlimited access to these reports from about 7,000 companies, which normally retail for $25 each.

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.

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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.

Read more in this comprehensive report.

Read other reports here.

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