Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Stock Rated “Moderate Buy” by Wall Street Analysts

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

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

Alimentation Couche-Tard Stock Performance

Shares of OTCMKTS ANCTF opened at $55.19 on Wednesday. Alimentation Couche-Tard has a fifty-two week low of $47.20 and a fifty-two week high of $67.06. The business has a 50 day moving average price of $59.33 and a two-hundred day moving average price of $59.57.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $20.86 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc is a Canadian operator of convenience stores and fuel stations headquartered in Laval, Quebec. The company serves consumers through convenience retail locations offering packaged food, beverages, tobacco products, prepared meals, and other everyday essentials, along with fuel and related services.

Most of its locations operate under the Couche-Tard and Circle K banners. The company also provides services such as car washes, foodservice and, in selected markets, electric-vehicle charging.