BMO Capital Markets Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$87.00

Alimentation Couche-Tard (TSE:ATD) had its target price hoisted by research analysts at BMO Capital Markets from C$85.00 to C$87.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 5.07% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. Desjardins upped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. CIBC upped their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday. Finally, Stifel Nicolaus increased 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$87.67.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock traded up C$3.71 during midday trading on Wednesday, reaching C$82.80. 1,010,226 shares of the stock traded hands, compared to its average volume of 1,483,318. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. The firm has a fifty day moving average price of C$75.21 and a two-hundred day moving average price of C$77.71. The firm has a market cap of C$78.49 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a fifty-two week low of C$71.31 and a fifty-two week high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last posted its earnings results 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 firm had revenue of C$24.99 billion during the quarter, compared to analyst estimates of C$24.73 billion. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. On average, equities research analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Company Profile

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.