Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$102.00 at Canadian Imperial Bank of Commerce

Alimentation Couche-Tard (TSE:ATD) had its price objective boosted by Canadian Imperial Bank of Commerce from C$89.00 to C$102.00 in a report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 8.90% from the company’s current price.

ATD has been the topic of a number of other research reports. Scotia increased their target price on Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 11th. Canaccord Genuity Group set a C$91.00 price target on Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Thursday, March 19th. Royal Bank Of Canada increased their price objective on Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard and gave the company an “overweight” rating in a report on Thursday, March 26th. Finally, National Bank Financial upped their target price on Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$100.87.

Alimentation Couche-Tard Price Performance

ATD traded up C$1.79 on Wednesday, reaching C$93.66. The company had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. Alimentation Couche-Tard has a 52-week low of C$66.93 and a 52-week high of C$95.15. The company has a market cap of C$86.00 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 1.35 and a beta of 0.74. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The business has a 50 day simple moving average of C$79.77 and a 200 day simple moving average of C$78.32.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. As a group, sell-side analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS 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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.