Alimentation Couche-Tard (TSE:ATD) Given New C$101.00 Price Target at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its target price boosted by analysts at Canaccord Genuity Group from C$94.00 to C$101.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 7.84% from the company’s current price.

A number of other brokerages have also recently issued reports on ATD. BMO Capital Markets raised their price objective on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research note on Wednesday. Raymond James Financial increased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. National Bank Financial increased their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotia raised their price target on Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$100.87.

Alimentation Couche-Tard Price Performance

ATD stock traded up C$1.79 during mid-day trading on Wednesday, hitting C$93.66. 1,605,851 shares of the stock were exchanged, 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 business has a fifty day moving average price of C$79.77 and a 200 day moving average price of C$78.32. Alimentation Couche-Tard has a 12 month low of C$66.93 and a 12 month high of C$95.15. The stock has a market capitalization of C$86.00 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.35 and a beta of 0.74.

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