Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, National Bankshares Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its price objective boosted by analysts at National Bankshares from C$85.00 to C$87.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 5.07% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada lowered their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Stifel Nicolaus boosted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. JPMorgan Chase & Co. raised their price target on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. Canaccord Genuity Group upped their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Finally, Desjardins cut their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$87.67.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock traded up C$3.71 during trading hours on Wednesday, reaching C$82.80. 1,010,226 shares of the stock were exchanged, compared to its average volume of 1,483,318. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27. The company has a market cap of C$78.49 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The stock has a 50 day moving average of C$75.21 and a two-hundred day moving average of C$77.71.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The business had revenue of C$24.99 billion for the quarter, compared to analyst estimates of C$24.73 billion. Equities analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.