Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company.

ANCTF has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th. Finally, National Bankshares reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th.

Alimentation Couche-Tard Price Performance

Shares of OTCMKTS ANCTF opened at $53.20 on Thursday. Alimentation Couche-Tard has a 52 week low of $45.61 and a 52 week high of $58.75. The business’s 50-day simple moving average is $52.68 and its 200-day simple moving average is $52.23.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its earnings results on Monday, November 24th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $17.87 billion for the quarter, compared to the consensus estimate of $17.92 billion.

About Alimentation Couche-Tard

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.