Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price objective reduced by equities research analysts at CIBC from C$89.00 to C$88.00 in a research note issued on Friday, BayStreet.CA reports. CIBC’s target price indicates a potential upside of 14.03% from the stock’s previous close.
Other equities analysts have also issued reports about the company. National Bankshares reduced their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday. Royal Bank of Canada cut their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday. Canaccord Genuity Group lowered their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating for the company in a report on Thursday, June 27th. Stifel Nicolaus increased their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday. Finally, Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.50.
Check Out Our Latest Stock Report on Alimentation Couche-Tard
Alimentation Couche-Tard Trading Up 2.3 %
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last posted its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.67 by C($0.02). The business had revenue of C$23.88 billion for the quarter, compared to analysts’ expectations of C$23.13 billion. Alimentation Couche-Tard had a net margin of 3.94% and a return on equity of 21.13%. On average, sell-side analysts anticipate that Alimentation Couche-Tard will post 4.0130276 earnings per share for the current year.
Alimentation Couche-Tard Company Profile
Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.
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