Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of equities analysts have weighed in on the company. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th.

Alimentation Couche-Tard Price Performance

Shares of ANCTF opened at $63.55 on Monday. The firm has a 50-day moving average of $58.85 and a 200-day moving average of $57.54. Alimentation Couche-Tard has a one year low of $47.24 and a one year high of $66.49.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its earnings results on Monday, June 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. The firm had revenue of $19.49 billion during the quarter, compared to the consensus estimate of $18.51 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.