Alimentation Couche-Tard (TSE:ATD) Given a C$91.00 Price Target by Canaccord Genuity Group Analysts

Alimentation Couche-Tard (TSE:ATD) has been assigned a C$91.00 target price by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 19.42% from the company’s current price.

A number of other analysts also recently issued reports on ATD. Jefferies Financial Group raised their price target on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a report on Thursday. TD Securities increased their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets lifted their target price on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. Finally, Raymond James Financial boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and an average price target of C$91.50.

Alimentation Couche-Tard Stock Down 3.2%

Shares of Alimentation Couche-Tard stock traded down C$2.49 on Thursday, reaching C$76.20. The company’s stock had a trading volume of 843,124 shares, compared to its average volume of 1,609,025. Alimentation Couche-Tard has a 52 week low of C$66.93 and a 52 week high of C$85.59. The firm’s fifty day simple moving average is C$79.17 and its two-hundred day simple moving average is C$75.15. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.56. The company has a market capitalization of C$70.54 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 17.36% and a net margin of 3.60%.The company had revenue of C$29.74 billion for the quarter. Equities analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

About Alimentation Couche-Tard

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.