Alimentation Couche-Tard (OTCMKTS:ANCTF) Shares Cross Above 200 Day Moving Average – Time to Sell?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $59.37 and traded as high as $66.90. Alimentation Couche-Tard shares last traded at $66.90, with a volume of 149,050 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Thursday, June 11th. Finally, TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Price Performance

The stock has a 50-day moving average price of $62.60 and a 200-day moving average price of $59.37.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its quarterly earnings data on Monday, June 22nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.54 by $0.19. The company had revenue of $19.49 billion during the quarter, compared to analyst estimates of $18.51 billion.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.