Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$95.00 at BMO Capital Markets

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by investment analysts at BMO Capital Markets from C$84.00 to C$95.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 1.43% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Scotia lifted their price target on Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce increased their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday. UBS Group lifted their target price on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday. Raymond James Financial lifted their target price on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. 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 note on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Alimentation Couche-Tard has an average rating of “Moderate Buy” and an average price target of C$100.87.

Alimentation Couche-Tard Stock Up 1.9%

Shares of TSE:ATD traded up C$1.79 during midday trading on Wednesday, reaching C$93.66. 1,605,851 shares of the company were exchanged, compared to its average volume of 1,446,158. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$95.15. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. The stock has a fifty day simple moving average of C$79.77 and a two-hundred day simple moving average of C$78.32. The firm has a market cap of C$86.00 billion, a PE ratio of 32.41, a P/E/G ratio of 1.35 and a beta of 0.74.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data 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 forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share 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.