National Bank Financial Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its price target increased by investment analysts at National Bank Financial from C$91.00 to C$102.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 8.90% from the stock’s current price.

ATD has been the subject of a number of other reports. JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Canadian Imperial Bank of Commerce lifted their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday. UBS Group increased their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday. Canaccord Genuity Group set a C$91.00 price objective on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Raymond James Financial lifted their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$100.87.

Alimentation Couche-Tard Stock Up 1.9%

TSE:ATD 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 firm has a market capitalization 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. The stock’s fifty day simple moving average is C$79.77 and its 200-day simple moving average is C$78.32. Alimentation Couche-Tard has a 12-month low of C$66.93 and a 12-month high of C$95.15. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, sell-side analysts anticipate 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.