Desjardins Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$101.00

Alimentation Couche-Tard (TSE:ATD) had its price target increased by equities research analysts at Desjardins from C$92.00 to C$101.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 7.84% from the stock’s current price.

A number of other research analysts also recently weighed in on ATD. Raymond James Financial increased their target price on Alimentation Couche-Tard from C$90.00 to C$105.00 in a report on Wednesday. UBS Group upped their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday. Scotia increased their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce raised their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$100.87.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded up C$1.79 during trading hours on Wednesday, reaching C$93.66. The company had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20. Alimentation Couche-Tard has a 52 week low of C$66.93 and a 52 week high of C$95.15. The firm has a market cap of C$86.00 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.35 and a beta of 0.74. The firm’s 50 day moving average price is C$79.77 and its 200-day moving average price is C$78.32.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

About Alimentation Couche-Tard

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.