Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

ANCTF has been the subject of several research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Thursday, June 11th. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. 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 $64.31 on Monday. Alimentation Couche-Tard has a 12 month low of $47.24 and a 12 month high of $66.49. The stock has a 50 day moving average of $59.71 and a 200-day moving average of $57.93.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings results on Monday, June 22nd. The company reported $0.73 earnings per share 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 the consensus estimate of $18.51 billion.

About Alimentation Couche-Tard

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.