Alimentation Couche-Tard (TSE:ATD) PT Set at C$91.00 by Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) received a C$91.00 price objective from stock analysts at Canaccord Genuity Group in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 19.42% from the stock’s previous close.

Several other analysts have also recently issued reports on ATD. Royal Bank Of Canada raised their target price on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Stifel Nicolaus increased their price objective on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. National Bank Financial boosted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Scotiabank upped their target price on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Finally, BMO Capital Markets raised their price target on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and an average target price of C$91.50.

Alimentation Couche-Tard Trading Down 3.2%

Alimentation Couche-Tard stock traded down C$2.49 during mid-day trading on Thursday, hitting C$76.20. The company’s stock had a trading volume of 843,124 shares, compared to its average volume of 1,609,025. The company has a debt-to-equity ratio of 101.56, a current ratio of 0.95 and a quick ratio of 0.88. The stock has a market cap of C$70.54 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The business has a 50 day moving average price of C$79.17 and a 200-day moving average price of C$75.15. Alimentation Couche-Tard has a 12 month low of C$66.93 and a 12 month high of C$85.59.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 17.36% and a net margin of 3.60%.The firm had revenue of C$29.74 billion for the quarter. As a group, analysts forecast 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.