Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $59.30 and traded as high as $59.6250. Alimentation Couche-Tard shares last traded at $59.6250, with a volume of 81,177 shares.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. BMO Capital Markets raised Alimentation Couche-Tard from a “hold” rating to an “outperform” rating in a research report on Tuesday, October 20th. Finally, Canadian Imperial Bank of Commerce started coverage on Alimentation Couche-Tard in a research note on Thursday, October 22nd. They issued a “hold” rating on the stock. Five 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 company has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on Alimentation Couche-Tard
Alimentation Couche-Tard Stock Down 1.1%
The business has a 50 day simple moving average of $57.32 and a 200 day simple moving average of $59.31.
Alimentation Couche-Tard (OTCMKTS:ANCTF – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.90 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.90. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $20.86 billion.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc. is a Canadian operator of convenience stores and fuel stations. Based in Laval, Quebec, the company serves consumers and motorists through a network of stores offering food, beverages, tobacco and nicotine products, alcohol in select markets, personal and automotive convenience items, and other everyday essentials. Many locations also provide fuel, car-wash services, electric-vehicle charging, and commercial fueling solutions. The company operates primarily under the Couche-Tard and Circle K brands, as well as other regional banners.
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