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

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

Several other brokerages have also issued reports on ATD. National Bankshares increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday. CIBC decreased 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. Royal Bank of Canada decreased their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. Finally, Stifel Nicolaus increased their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.67.

Alimentation Couche-Tard Trading Up 4.7 %

TSE ATD traded up C$3.71 during trading on Wednesday, hitting C$82.80. The company had a trading volume of 1,010,226 shares, compared to its average volume of 1,483,318. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a one year low of C$71.31 and a one year high of C$87.27. The company has a market cap of C$78.49 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company’s fifty day moving average is C$75.21 and its 200-day moving average is C$77.71.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping the consensus estimate of C$1.11 by C$0.02. The business had revenue of C$24.99 billion during the quarter, compared to analyst estimates of C$24.73 billion. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. On average, sell-side analysts predict that Alimentation Couche-Tard will post 4.0410959 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.