Canadian Tire isn’t exactly the stock you buy to brag about at dinner parties—but maybe it should be.
As of mid-April, analysts are tagging it with a “Moderate Buy” rating. That’s not fireworks, but it’s definitely not a red flag either. Think of it like your friend who doesn’t show up loud to the party but always brings the best snacks—reliable, underhyped, and somehow always delivering.
Half the analysts are saying “Buy,” the other half are saying “Hold”—which basically means: “We’re watching, and we kind of like what we see.” The average price target isn’t shooting for the moon, but it’s a comfortable climb from where it’s sitting right now. Not a pump-and-dump story, just a slow burner.
Now, here’s the kicker: the dividend yield is sitting around 4.6%. In a time when growth stocks are wobbling and tech is throwing tantrums, a reliable payout like that is the adult in the room. For long-term investors, that dividend is a steady paycheck while the stock figures itself out.
Sure, there’s been a bit of a dip lately, and short-term forecasts aren’t screaming bullish. But if your strategy isn’t based on “get rich by Friday,” Canadian Tire has a decent case. It’s a brand most Canadians already trust to fix flat tires, buy backyard grills, and survive winters—so why not extend that trust to its stock?
This isn’t a hype train—it’s a highway cruise. Not flashy, but it gets you there.