Alimentation Couche-Tard (TSE:ATD) Given New C$86.00 Price Target at National Bankshares

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by analysts at National Bankshares from C$83.00 to C$86.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 14.04% from the company’s current price.

Several other research analysts also recently issued reports on the stock. CIBC upped their target price on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. BMO Capital Markets increased their target price on Alimentation Couche-Tard from C$78.00 to C$79.00 in a research note on Wednesday. Scotiabank upped their price target on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group lifted their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Wednesday. Finally, TD Securities upped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$86.75.

Alimentation Couche-Tard Price Performance

Shares of ATD stock traded up C$1.00 during trading hours on Wednesday, hitting C$75.41. 1,185,467 shares of the company’s stock were exchanged, compared to its average volume of 1,428,390. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. The business’s 50 day simple moving average is C$72.25 and its 200-day simple moving average is C$71.51. The company has a market capitalization of C$70.93 billion, a PE ratio of 27.93, a PEG ratio of 1.35 and a beta of 0.31.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Monday, November 24th. The company reported C$0.79 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.05. Alimentation Couche-Tard had a return on equity of 18.96% and a net margin of 3.53%.During the same period last year, the company posted $0.74 EPS. On average, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share 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.