Alimentation Couche-Tard (TSE:ATD) Given New C$88.00 Price Target at Jefferies Financial Group

Alimentation Couche-Tard (TSE:ATD) had its price target lifted by equities research analysts at Jefferies Financial Group from C$86.00 to C$88.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 16.70% from the company’s previous close.

ATD has been the subject of a number of other research reports. BMO Capital Markets raised their target price on shares of Alimentation Couche-Tard from C$75.00 to C$78.00 in a research note on Thursday, September 4th. TD Securities raised their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$89.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Stifel Nicolaus boosted their price objective on Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Scotiabank increased their target price on Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada dropped their price target on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded up C$1.00 during mid-day trading on Wednesday, hitting C$75.41. The stock had a trading volume of 1,185,467 shares, compared to its average volume of 1,428,390. The company’s 50 day simple moving average is C$72.25 and its 200 day simple moving average is C$71.51. The stock 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 debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. 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 released its quarterly earnings data on Monday, November 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.05. Alimentation Couche-Tard had a return on equity of 18.96% and a net margin of 3.53%.During the same period in the previous year, the business earned $0.74 earnings per share. On average, equities research analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share 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.