Desjardins Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its price objective increased by equities research analysts at Desjardins from C$80.00 to C$85.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 12.72% from the stock’s current price.

ATD has been the topic of several other research reports. TD Securities upped their price target on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group upgraded Alimentation Couche-Tard to a “hold” rating in a report on Friday, September 12th. Jefferies Financial Group boosted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada decreased their price objective on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock traded up C$1.00 during trading on Wednesday, reaching C$75.41. The company’s stock had a trading volume of 1,185,467 shares, compared to its average volume of 1,428,390. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$83.73. The business’s fifty day moving average price is C$72.25 and its 200-day moving average price is C$71.51. The firm has a market cap of C$70.93 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.31. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Monday, November 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.74 by C$0.05. Alimentation Couche-Tard had a net margin of 3.53% and a return on equity of 18.96%. During the same period last year, the firm posted $0.74 EPS. As a group, equities research analysts predict 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 a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.