Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, TD Securities Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its price objective increased by equities research analysts at TD Securities from C$89.00 to C$90.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 19.35% from the stock’s previous close.

ATD has been the topic of a number of other research reports. Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a research report on Wednesday. National Bankshares upped their price objective on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. Jefferies Financial Group boosted their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Wednesday. Finally, Royal Bank Of Canada decreased their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating on the stock in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Buy” and an average target price of C$86.75.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock traded up C$1.00 on Wednesday, reaching C$75.41. The stock had a trading volume of 1,185,467 shares, compared to its average volume of 1,428,390. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a 50 day simple moving average of C$72.25 and a 200 day simple moving average of C$71.51. The stock has a market cap of C$70.93 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.31. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$83.73.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, November 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.05. Alimentation Couche-Tard had a return on equity of 18.96% and a net margin of 3.53%.During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.