National Bank Financial Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

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

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

Alimentation Couche-Tard Stock Performance

TSE:ATD traded up C$1.79 during midday trading on Wednesday, reaching C$93.66. The stock had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. The stock has a market cap 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 firm has a fifty day simple moving average of C$79.77 and a two-hundred day simple moving average of C$78.32. Alimentation Couche-Tard has a 12-month low of C$66.93 and a 12-month high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, equities analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current 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.