TD Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective lifted by research analysts at TD from C$100.00 to C$109.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 16.38% from the company’s previous close.

ATD has been the subject of several other reports. Desjardins increased their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday. Scotia upped their price target on shares of Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce raised their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday. JPMorgan Chase & Co. set a C$95.00 price objective on shares of Alimentation Couche-Tard and gave the company an “overweight” rating in a report on Thursday, March 26th. Finally, National Bank Financial upped their target price on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and an average target price of C$100.87.

Alimentation Couche-Tard Stock Up 1.9%

TSE:ATD traded up C$1.79 during mid-day trading on Wednesday, hitting C$93.66. 1,605,851 shares of the company’s stock traded hands, compared to its average volume of 1,446,158. The company has a fifty day moving average of C$79.77 and a 200 day moving average of C$78.32. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$95.15. 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. 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 released its quarterly earnings results 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%. On average, analysts forecast 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.