TD Boosts Alimentation Couche-Tard (TSE:ATD) Price Target to C$109.00

Alimentation Couche-Tard (TSE:ATD) had its price objective upped by equities research analysts at TD from C$100.00 to C$109.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 16.38% from the stock’s previous close.

Several other analysts have also commented on ATD. JPMorgan Chase & Co. set a C$95.00 price target on shares of Alimentation Couche-Tard and gave the company an “overweight” rating in a research report on Thursday, March 26th. Scotia increased their price target on Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. Desjardins boosted their price objective on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their target price on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday. Finally, Canaccord Genuity Group increased their target price on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$100.87.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock traded up C$1.79 during midday trading on Wednesday, hitting C$93.66. 1,605,851 shares of the company were exchanged, compared to its average volume of 1,446,158. The business has a fifty day simple moving average of C$79.77 and a two-hundred day simple moving average of C$78.32. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The firm has a market capitalization of C$86.00 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, sell-side analysts forecast 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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.