National Bank Financial Boosts Alimentation Couche-Tard (TSE:ATD) Price Target to C$91.00

Alimentation Couche-Tard (TSE:ATDGet Free Report) had its price objective lifted by analysts at National Bank Financial from C$89.00 to C$91.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 17.68% from the company’s previous close.

Several other research firms have also weighed in on ATD. TD Securities raised their target price on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Desjardins raised their target price on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets raised their target price on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. set a C$95.00 target price on Alimentation Couche-Tard and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Finally, Royal Bank Of Canada raised their target price on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$92.58.

View Our Latest Research Report on ATD

Alimentation Couche-Tard Stock Performance

ATD traded down C$1.01 during trading hours on Thursday, hitting C$77.33. The company’s stock had a trading volume of 747,919 shares, compared to its average volume of 1,392,039. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$85.59. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20. The firm has a market capitalization of C$71.01 billion, a PE ratio of 26.76, a PEG ratio of 1.35 and a beta of 0.72. The company has a 50-day simple moving average of C$78.36 and a 200 day simple moving average of C$76.95.

Alimentation Couche-Tard (TSE:ATDGet Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. The company had revenue of C$29.74 billion for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. As a group, sell-side analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Company Profile

(Get Free Report)

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.

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