Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$87.00 at National Bankshares

Alimentation Couche-Tard (TSE:ATD) had its price target boosted by investment analysts at National Bankshares from C$85.00 to C$87.00 in a note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 5.07% from the stock’s current price.

Several other research firms have also weighed in on ATD. Desjardins lowered their price target on 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, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. Canaccord Genuity Group increased their price target on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Royal Bank of Canada dropped their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Finally, CIBC dropped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.67.

Alimentation Couche-Tard Stock Up 4.7 %

ATD stock traded up C$3.71 during trading hours on Wednesday, reaching C$82.80. 1,010,226 shares of the stock were exchanged, compared to its average volume of 1,483,318. The firm’s 50-day moving average is C$75.21 and its 200-day moving average is C$77.71. 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 market cap of C$78.49 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) 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 analyst estimates of C$24.73 billion. On average, equities research analysts expect that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current 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.