Raymond James Financial Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its price target raised by Raymond James Financial from C$90.00 to C$105.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s target price points to a potential upside of 12.11% from the company’s previous close.

A number of other brokerages have also recently commented on ATD. National Bank Financial lifted their price objective on shares of 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. Canaccord Genuity Group set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a research report on Thursday, March 19th. Royal Bank Of Canada increased their price target on shares of Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Tuesday. Scotia lifted 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 report on Thursday, June 11th. 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. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$100.87.

Alimentation Couche-Tard Price Performance

Shares of TSE ATD traded up C$1.79 during midday trading on Wednesday, reaching C$93.66. 1,605,851 shares of the stock traded hands, compared to its average volume of 1,446,158. 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$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 one year low of C$66.93 and a one year high of C$95.15. The company’s 50 day moving average is C$79.77 and its 200 day moving average is C$78.32.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. On average, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share 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.