Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$93.00 to C$102.00. Stifel Nicolaus currently has a buy rating on the stock. Alimentation Couche-Tard traded as high as C$92.34 and last traded at C$91.15, with a volume of 642659 shares changing hands. The stock had previously closed at C$82.26.
ATD has been the subject of a number of other research reports. Royal Bank Of Canada increased 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. BMO Capital Markets upped their target price on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a “market perform” rating in a research report on Wednesday. National Bank Financial upped their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Wednesday. Raymond James Financial increased their target price on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a report on Wednesday. Finally, UBS Group lifted their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$100.87.
Get Our Latest Stock Analysis on ATD
Alimentation Couche-Tard News Summary
- Positive Sentiment: Stifel Nicolaus raised its target to C$102 and kept a buy rating, citing modest upside from recent levels. BayStreet.CA
- Positive Sentiment: TD lifted its target to C$109 and reiterated a buy rating, implying one of the larger upside views among the recent notes. Tickerreport.com
- Positive Sentiment: Desjardins, Canaccord Genuity, National Bank Financial, UBS, Raymond James, CIBC, and Scotia all raised targets as well, with most keeping buy/outperform-style ratings, reinforcing a bullish analyst consensus. BayStreet.CA
- Neutral Sentiment: BMO Capital Markets also increased its target, but maintained a more cautious market-perform rating, suggesting some analysts still see limited near-term relative upside. BayStreet.CA
- Neutral Sentiment: RBC Capital recently reiterated a buy view on ATD, adding to the broader supportive analyst backdrop. Globe and Mail
Alimentation Couche-Tard Stock Performance
The stock has a market capitalization of C$86.09 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.35 and a beta of 0.74. The stock’s 50 day moving average is C$80.11 and its 200 day moving average is C$78.46. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65.
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last announced 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 net margin of 4.11% and a return on equity of 20.01%. On average, analysts predict that Alimentation Couche-Tard Inc. will post 4.0410959 earnings per share for the current year.
Alimentation Couche-Tard Company Profile
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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