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

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of brokerages recently issued reports on ANCTF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Performance

OTCMKTS ANCTF opened at $64.17 on Friday. Alimentation Couche-Tard has a 12 month low of $47.24 and a 12 month high of $66.49. The company’s 50-day moving average price is $61.50 and its 200-day moving average price is $58.89.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its quarterly earnings data on Monday, June 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.19. The company had revenue of $19.49 billion during the quarter, compared to analysts’ expectations of $18.51 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.