Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, UBS Group Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its target price raised by stock analysts at UBS Group from C$91.00 to C$104.00 in a research report issued on Wednesday,BayStreet.CA reports. UBS Group’s price objective points to a potential upside of 11.04% from the stock’s previous close.

Several other analysts have also recently commented on ATD. Royal Bank Of Canada boosted their price target on Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce raised their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday. JPMorgan Chase & Co. set a C$95.00 target price on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Scotia upped their target price on shares of Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a report on Thursday, June 11th. Finally, Raymond James Financial increased their target price on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$100.87.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock traded up C$1.79 during midday trading 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. The company has a market capitalization of C$86.00 billion, a P/E ratio of 32.41, a P/E/G 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 firm’s fifty day simple moving average is C$79.77 and its 200-day simple moving average is C$78.32. 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 posted its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. As a group, equities 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.