Alimentation Couche-Tard (TSE:ATD) Given New C$90.00 Price Target at TD Securities

Alimentation Couche-Tard (TSE:ATD) had its price target boosted by equities research analysts at TD Securities from C$89.00 to C$90.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 19.35% from the stock’s current price.

A number of other analysts have also commented on the stock. Scotiabank boosted their price target on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Stifel Nicolaus boosted their price objective on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group raised their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Wednesday. The Goldman Sachs Group raised shares of Alimentation Couche-Tard to a “hold” rating in a report on Friday, September 12th. Finally, Royal Bank Of Canada dropped their price target on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard presently has a consensus rating of “Buy” and an average price target of C$86.75.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock traded up C$1.00 during midday trading on Wednesday, hitting C$75.41. The company’s stock had a trading volume of 1,185,467 shares, compared to its average volume of 1,428,390. The company has a 50-day moving average price of C$72.25 and a two-hundred day moving average price of C$71.51. The company has a market cap of C$70.93 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.35 and a beta of 0.31. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$83.73.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Monday, November 24th. The company reported C$0.79 earnings per share for the quarter, beating the consensus estimate of C$0.74 by C$0.05. Alimentation Couche-Tard had a return on equity of 18.96% and a net margin of 3.53%.During the same period last year, the firm earned $0.74 EPS. As a group, sell-side analysts predict that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

About Alimentation Couche-Tard

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.