Canadian Tire Corporation, Limited shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the CAD 200.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
Historically, the company has been releasing figures that are above expectations.
As regards fundamentals, the enterprise value to sales ratio is at 1.12 for the current period. Therefore, the company is undervalued.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 116.39 CAD
Stock prices approach a strong long-term resistance in weekly data at CAD 228.72.
Technically, the stock approaches a strong medium-term resistance at CAD 182.4.
The group shows a rather high level of debt in proportion to its EBITDA.
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