Raymond James Financial Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$105.00

Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price target lifted by equities researchers at Raymond James Financial from C$90.00 to C$105.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s price target would suggest a potential upside of 12.11% from the company’s current price.

A number of other analysts have also recently issued reports on ATD. Canadian Imperial Bank of Commerce increased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday. Royal Bank Of Canada upped their target price on shares of Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a report on Tuesday. National Bank Financial increased their price target on Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Scotia increased their price target on Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard and gave the company an “overweight” rating in a research report on Thursday, March 26th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$100.87.

Get Alimentation Couche-Tard alerts:

Read Our Latest Report on Alimentation Couche-Tard

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock traded up C$1.79 during midday trading on Wednesday, hitting C$93.66. The stock had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. The firm’s fifty day moving average is C$79.77 and its two-hundred day moving average is C$78.32. The company has a market capitalization of C$86.00 billion, a PE ratio of 32.41, a P/E/G ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a 52-week low of C$66.93 and a 52-week high of C$95.15. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20.

Alimentation Couche-Tard (TSE:ATD – Get Free Report) last released its earnings results on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. On average, research analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

About Alimentation Couche-Tard

(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.

Further Reading

• Five stocks we like better than Alimentation Couche-Tard
• Why KB Home Could Reward Patient Investors Later
• Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
• Tesla’s New NHTSA Probe Lands at the Worst Possible Time
• Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus

Receive News & Ratings for Alimentation Couche-Tard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alimentation Couche-Tard and related companies with MarketBeat.com's FREE daily email newsletter.