Alimentation Couche-Tard (TSE:ATD) PT Set at C$95.00 by JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATD) received a C$95.00 target price from stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 21.11% from the company’s previous close.

Several other equities research analysts have also recently weighed in on ATD. Canadian Imperial Bank of Commerce reduced their target price on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. Royal Bank Of Canada upped their price target on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Jefferies Financial Group raised their price objective on Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. Desjardins boosted their price objective on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Stifel Nicolaus raised their target price on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$92.42.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded down C$0.18 during trading hours on Thursday, hitting C$78.44. 327,075 shares of the company traded hands, compared to its average volume of 1,624,354. The stock has a market capitalization of C$72.62 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$85.59. The firm has a 50-day moving average of C$79.46 and a 200 day moving average of C$75.32. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. The company had revenue of C$29.74 billion for the quarter. On average, analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS 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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.