Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$85.00 at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price increased by research analysts at Desjardins from C$84.00 to C$85.00 in a report issued on Wednesday,BayStreet.CA reports. Desjardins’ price objective points to a potential upside of 2.66% from the stock’s previous close.

Several other analysts have also issued reports on ATD. National Bankshares upped their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. CIBC lowered their price target on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday, September 6th. Finally, Stifel Nicolaus raised their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus target price of C$87.67.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock traded up C$3.71 on Wednesday, hitting C$82.80. 1,010,226 shares of the company traded hands, compared to its average volume of 1,483,318. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. The company has a market cap of C$78.49 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.35 and a beta of 0.89. The firm’s 50-day simple moving average is C$75.21 and its 200 day simple moving average is C$77.71.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. The business had revenue of C$24.99 billion for the quarter, compared to the consensus estimate of C$24.73 billion. Analysts expect that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

About Alimentation Couche-Tard

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.