Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$94.00

Alimentation Couche-Tard (TSE:ATD) had its price target lifted by stock analysts at Scotia from C$90.00 to C$94.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s target price would indicate a potential upside of 11.49% from the company’s current price.

A number of other research analysts have also weighed in on the company. Jefferies Financial Group raised their price objective on Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. Royal Bank Of Canada raised their price target on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Stifel Nicolaus lifted their target price on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. TD Securities lifted their target price on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and an average target price of C$92.69.

Alimentation Couche-Tard Price Performance

TSE ATD traded up C$0.88 during trading on Thursday, reaching C$84.31. The company’s stock had a trading volume of 868,576 shares, compared to its average volume of 1,398,196. The firm has a fifty day moving average of C$78.77 and a 200 day moving average of C$77.69. Alimentation Couche-Tard has a one year low of C$66.93 and a one year high of C$85.59. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88. The stock has a market capitalization of C$77.42 billion, a PE ratio of 29.17, a P/E/G ratio of 1.35 and a beta of 0.74.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.The firm had revenue of C$29.74 billion during the quarter. Analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Company Profile

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.