Alimentation Couche-Tard (TSE:ATD) Given a C$111.00 Price Target by Royal Bank Of Canada Analysts

Alimentation Couche-Tard (TSE:ATD) has been assigned a C$111.00 price objective by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 35.81% from the stock’s previous close.

Several other research firms have also issued reports on ATD. Desjardins raised their target price on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. TD upped their price target on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Canaccord Genuity Group increased their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Canadian Imperial Bank of Commerce raised their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Finally, National Bank Financial boosted their target price on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$101.40.

Alimentation Couche-Tard Trading Down 3.0%

TSE:ATD traded down C$2.55 during midday trading on Wednesday, hitting C$81.73. 1,378,861 shares of the company traded hands, compared to its average volume of 1,481,291. The firm’s fifty day moving average is C$90.01 and its 200-day moving average is C$83.72. Alimentation Couche-Tard has a 12-month low of C$68.30 and a 12-month high of C$95.15. The firm has a market capitalization of C$75.03 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. The company had revenue of C$30.43 billion during the quarter. On average, sell-side analysts predict 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.