Alimentation Couche-Tard (TSE:ATD) Given New C$101.00 Price Target at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its price objective hoisted by equities researchers at Desjardins from C$92.00 to C$101.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 7.84% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets increased their target price on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. set a C$95.00 target price on Alimentation Couche-Tard and gave the company an “overweight” rating in a research note on Thursday, March 26th. Raymond James Financial boosted their price target on Alimentation Couche-Tard from C$90.00 to C$105.00 in a report on Wednesday. Finally, Scotia upped their price target on Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and an average price target of C$100.87.

Alimentation Couche-Tard Price Performance

Shares of ATD traded up C$1.79 during mid-day trading on Wednesday, reaching C$93.66. The stock had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. The firm has a market cap of C$86.00 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a 12 month low of C$66.93 and a 12 month high of C$95.15. The business has a fifty day moving average of C$79.77 and a 200 day moving average of C$78.32. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. Equities analysts predict 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.