Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

Several research analysts have commented on ANCTF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, August 19th. BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Finally, TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, August 4th.

Alimentation Couche-Tard Trading Down 0.7%

ANCTF opened at $61.94 on Tuesday. Alimentation Couche-Tard has a 52-week low of $47.24 and a 52-week high of $67.06. The company has a 50 day moving average of $63.93 and a two-hundred day moving average of $60.23.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its earnings results on Monday, June 22nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. The business had revenue of $19.49 billion during the quarter, compared to analysts’ expectations of $18.51 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.