Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$91.00 at National Bank Financial

Alimentation Couche-Tard (TSE:ATD) had its price objective upped by stock analysts at National Bank Financial from C$89.00 to C$91.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 17.68% from the stock’s previous close.

Other analysts also recently issued research reports about the company. TD Securities raised their price objective on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce dropped their price target on Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. BMO Capital Markets lifted their price target on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th. Canaccord Genuity Group set a C$91.00 price target on Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Desjardins boosted their price target on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Ten 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 stock has a consensus rating of “Moderate Buy” and an average price target of C$92.58.

Alimentation Couche-Tard Trading Down 1.3%

Shares of ATD stock traded down C$1.01 during trading hours on Thursday, reaching C$77.33. The company had a trading volume of 747,919 shares, compared to its average volume of 1,392,039. The company has a 50 day moving average of C$78.36 and a 200 day moving average of C$76.95. 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 firm has a market cap of C$71.01 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.35 and a beta of 0.72. Alimentation Couche-Tard has a 1-year low of C$66.93 and a 1-year high of C$85.59.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. The company had revenue of C$29.74 billion for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS 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.