Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price target reduced by stock analysts at National Bank Financial from C$102.00 to C$101.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 23.10% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Scotia dropped their target price on shares of Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a report on Wednesday, August 19th. UBS Group lifted their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Desjardins upped their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Canaccord Genuity Group increased their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and an average price target of C$99.73.
Read Our Latest Stock Analysis on ATD
Alimentation Couche-Tard Price Performance
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%.The business had revenue of C$30.43 billion for the quarter. On average, equities research analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS 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. 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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