Alimentation Couche-Tard (TSE:ATD) Given New C$107.00 Price Target at Scotia

Alimentation Couche-Tard (TSE:ATD) had its price objective hoisted by stock analysts at Scotia from C$94.00 to C$107.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotia’s price objective indicates a potential upside of 14.24% from the stock’s current price.

Several other equities analysts have also commented on the company. Canadian Imperial Bank of Commerce upped their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday. Royal Bank Of Canada boosted their price objective on Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group set a C$91.00 price objective on Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Thursday, March 19th. Raymond James Financial increased their target price on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. set a C$95.00 price target on shares of Alimentation Couche-Tard and gave the company an “overweight” rating in a report on Thursday, March 26th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and an average target price of C$100.87.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock traded up C$1.79 during trading hours on Wednesday, reaching C$93.66. The company’s stock had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. Alimentation Couche-Tard has a one year low of C$66.93 and a one year high of C$95.15. The company’s 50 day simple moving average is C$79.77 and its 200 day simple moving average is C$78.32. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The stock has a market cap of C$86.00 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. As a group, analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal 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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.