Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its target price cut by research analysts at CIBC from C$89.00 to C$88.00 in a research report issued on Friday, BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 14.03% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. National Bankshares decreased their price target on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a research note on Friday. Royal Bank of Canada lowered their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday. Canaccord Genuity Group decreased their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. Stifel Nicolaus raised their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday. Finally, Desjardins decreased their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$87.50.
View Our Latest Analysis on Alimentation Couche-Tard
Alimentation Couche-Tard Stock Performance
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last released its 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 firm had revenue of C$23.88 billion during the quarter, compared to analysts’ expectations of C$23.13 billion. Alimentation Couche-Tard had a return on equity of 21.13% and a net margin of 3.94%. As a group, analysts anticipate that Alimentation Couche-Tard will post 4.0130276 EPS 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.
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