Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$104.00

Alimentation Couche-Tard (TSE:ATD) had its target price hoisted by UBS Group from C$91.00 to C$104.00 in a report released on Wednesday,BayStreet.CA reports. UBS Group’s price target would indicate a potential upside of 11.04% from the company’s current price.

ATD has been the topic of a number of other research reports. Raymond James Financial upped their target price on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. National Bank Financial lifted their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. set a C$95.00 price objective on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Scotia boosted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the company a “sector outperform” rating in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada upped their price target on shares of Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard has an average rating of “Moderate Buy” and an average target price of C$100.87.

Alimentation Couche-Tard Stock Performance

Shares of ATD traded up C$1.79 during trading hours on Wednesday, reaching C$93.66. 1,605,851 shares of the company traded hands, compared to its average volume of 1,446,158. The stock has a market capitalization of C$86.00 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.35 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. Alimentation Couche-Tard has a 12-month low of C$66.93 and a 12-month high of C$95.15. The business has a fifty day moving average price of C$79.77 and a 200-day moving average price of C$78.32.

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