Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$106.00

Alimentation Couche-Tard (TSE:ATD) had its price objective raised by investment analysts at Royal Bank Of Canada from C$104.00 to C$106.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 15.38% from the stock’s current price.

A number of other research firms also recently weighed in on ATD. JPMorgan Chase & Co. set a C$95.00 price target on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research note on Thursday, March 26th. National Bank Financial increased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a report on Thursday, March 19th. Scotia lifted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the company a “sector outperform” rating in a research report on Thursday, June 11th. Finally, Raymond James Financial upped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday, March 19th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$93.15.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD traded up C$9.61 during trading on Tuesday, hitting C$91.87. 3,489,587 shares of the stock were exchanged, compared to its average volume of 1,430,043. Alimentation Couche-Tard has a 1-year low of C$66.93 and a 1-year high of C$92.60. The company has a market capitalization of C$84.36 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The company’s fifty day simple moving average is C$79.49 and its 200-day simple moving average is C$78.19. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 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%. Sell-side 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.