Alimentation Couche-Tard (TSE:ATD) Given New C$89.00 Price Target at National Bank Financial

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by stock analysts at National Bank Financial from C$88.00 to C$89.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 16.80% from the company’s current price.

ATD has been the subject of several other research reports. Desjardins increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group raised their target price on Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. Stifel Nicolaus increased their price objective on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. TD Securities lifted their price objective on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$91.50.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD traded down C$2.49 during trading on Thursday, hitting C$76.20. 843,124 shares of the stock were exchanged, compared to its average volume of 1,609,025. Alimentation Couche-Tard has a 1-year low of C$66.93 and a 1-year high of C$85.59. The company has a market capitalization of C$70.54 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company’s fifty day simple moving average is C$79.17 and its 200-day simple moving average is C$75.15. The company has a debt-to-equity ratio of 101.56, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. The firm had revenue of C$29.74 billion for the quarter. Alimentation Couche-Tard had a net margin of 3.60% and a return on equity of 17.36%. Sell-side analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal 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.