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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$91.50.

A number of equities analysts have weighed in on ATD shares. Royal Bank Of Canada upped their price target on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Raymond James Financial lifted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday, March 19th. National Bank Financial boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. TD Securities upped their target price on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets upped their target price on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th.

Alimentation Couche-Tard Trading Down 1.3%

Shares of ATD opened at C$77.97 on Friday. The stock’s 50-day moving average is C$79.37 and its two-hundred day moving average is C$75.30. The stock has a market cap of C$72.18 billion, a PE ratio of 26.98, a P/E/G ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a 12 month low of C$66.93 and a 12 month high of C$85.59. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. The company had revenue of C$29.74 billion during the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. Equities analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal 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.