Alimentation Couche-Tard (OTCMKTS:ANCTF – Get Free Report) announced its earnings results on Tuesday. The company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90, Zacks reports.
Alimentation Couche-Tard Trading Up 1.1%
Shares of ANCTF traded up $0.69 during mid-day trading on Tuesday, reaching $60.91. The company’s stock had a trading volume of 159,513 shares, compared to its average volume of 138,095. Alimentation Couche-Tard has a 52 week low of $48.03 and a 52 week high of $67.06. The company’s fifty day moving average price is $64.13 and its two-hundred day moving average price is $60.32.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ANCTF. TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. BMO Capital Markets restated a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Moderate Buy”.
Alimentation Couche-Tard Company Profile
Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.
Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.
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