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

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several analysts recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Down 1.0%

Shares of ANCTF stock opened at $56.41 on Friday. The business’s fifty day moving average price is $62.48 and its 200 day moving average price is $60.05. Alimentation Couche-Tard has a 1-year low of $48.03 and a 1-year high of $67.06.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its earnings results on Wednesday, September 2nd. The company reported $0.90 EPS for the quarter, meeting analysts’ consensus estimates of $0.90. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $20.86 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.