Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its price target hoisted by stock analysts at Canaccord Genuity Group from C$83.00 to C$85.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 10.84% from the company’s current price.

Several other equities analysts also recently issued reports on ATD. Desjardins cut their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus boosted their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Royal Bank of Canada decreased their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th. CIBC cut their price objective on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. Finally, National Bankshares cut their price target on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$88.33.

Alimentation Couche-Tard Stock Performance

TSE ATD traded down C$0.90 on Wednesday, hitting C$76.69. 423,304 shares of the company traded hands, compared to its average volume of 1,473,902. Alimentation Couche-Tard has a 52-week low of C$71.31 and a 52-week high of C$87.27. The company has a market capitalization of C$72.70 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.35 and a beta of 0.89. The business’s 50 day moving average price is C$74.95 and its 200-day moving average price is C$77.60. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. The business had revenue of C$24.99 billion for the quarter, compared to the consensus estimate of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. Equities analysts expect that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.