Alimentation Couche-Tard Inc (TSE:ATD.B) has been given a consensus rating of “Buy” by the ten analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$76.94.
A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Desjardins upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “buy” rating and increased their target price for the stock from C$87.00 to C$88.00 in a report on Friday, August 23rd. SunTrust Banks increased their target price on shares of Alimentation Couche-Tard from C$92.00 to C$93.00 in a report on Friday, September 6th. TD Securities dropped their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$45.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. Finally, BMO Capital Markets downgraded shares of Alimentation Couche-Tard from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.
TSE ATD.B traded down C$0.16 on Wednesday, reaching C$39.93. 1,423,936 shares of the company’s stock traded hands, compared to its average volume of 765,673. The stock has a 50 day moving average price of C$48.22 and a 200-day moving average price of C$74.05. The firm has a market cap of $34.88 billion and a price-to-earnings ratio of 23.56. Alimentation Couche-Tard has a fifty-two week low of C$31.06 and a fifty-two week high of C$44.20. The company has a debt-to-equity ratio of 99.80, a quick ratio of 0.54 and a current ratio of 0.81.
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
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