Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Receives Average Rating of “Moderate Buy” from Brokerages

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

ANCTF has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, August 19th. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, August 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Up 0.5%

Shares of OTCMKTS ANCTF opened at $60.22 on Tuesday. Alimentation Couche-Tard has a 1 year low of $48.03 and a 1 year high of $67.06. The stock’s 50-day simple moving average is $64.13 and its 200-day simple moving average is $60.32.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its quarterly earnings results on Monday, June 22nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. The business had revenue of $19.49 billion during the quarter, compared to analysts’ expectations of $18.51 billion.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.