Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by equities research analysts at BMO Capital Markets from C$78.00 to C$79.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 4.76% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Wednesday. National Bankshares lifted their target price on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Scotiabank upped their price target on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. The Goldman Sachs Group raised shares of Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. Finally, Royal Bank Of Canada lowered their price objective on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating on the stock in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$86.75.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD traded up C$1.00 during midday trading on Wednesday, reaching C$75.41. 1,185,467 shares of the stock were exchanged, compared to its average volume of 1,428,390. The firm has a market cap of C$70.93 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.35 and a beta of 0.31. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The firm has a 50-day simple moving average of C$72.25 and a two-hundred day simple moving average of C$71.51. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$83.73.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Monday, November 24th. The company reported C$0.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.74 earnings per share. As a group, 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.