Canaccord Genuity Group Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its price objective boosted by stock analysts at Canaccord Genuity Group from C$83.00 to C$85.00 in a research note issued on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 8.02% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus upped their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. CIBC lowered their price objective on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. National Bankshares cut their target price on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price target on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. Finally, Desjardins cut their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$88.33.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$78.69 on Wednesday. The stock has a fifty day moving average price of C$75.02 and a two-hundred day moving average price of C$77.61. 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 has a 52-week low of C$71.31 and a 52-week high of C$87.27. The firm has a market capitalization of C$74.60 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping 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. As a group, analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS 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.