Jefferies Financial Group Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective upped by equities researchers at Jefferies Financial Group from C$86.00 to C$88.00 in a research report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 16.70% from the stock’s current price.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group raised Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. Stifel Nicolaus boosted their price objective on Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. CIBC raised 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 report on Thursday, September 4th. National Bankshares upped their price target on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Royal Bank Of Canada lowered their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Trading Up 1.3%

Shares of TSE:ATD traded up C$1.00 during mid-day trading on Wednesday, reaching C$75.41. The stock had a trading volume of 1,185,467 shares, compared to its average volume of 1,428,390. The firm has a 50 day simple moving average of C$72.25 and a two-hundred day simple moving average of C$71.51. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$83.73. The firm has a market cap of C$70.93 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.31. 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 (TSE:ATD) last issued its earnings results on Monday, November 24th. The company reported C$0.79 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.05. Alimentation Couche-Tard had a net margin of 3.53% and a return on equity of 18.96%. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, research analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal 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.