Alimentation Couche-Tard (TSE:ATD) Price Target Increased to C$71.00 by Analysts at TD Securities

Alimentation Couche-Tard (TSE:ATDGet Rating) had its target price raised by research analysts at TD Securities from C$69.00 to C$71.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 19.81% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. CIBC decreased their price target on Alimentation Couche-Tard from C$75.00 to C$73.00 in a research note on Thursday. Scotiabank raised their price objective on Alimentation Couche-Tard from C$66.00 to C$68.50 in a report on Wednesday, November 16th. JPMorgan Chase & Co. reduced their price objective on Alimentation Couche-Tard from C$55.00 to C$54.00 in a report on Tuesday. National Bank Financial upgraded Alimentation Couche-Tard from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, August 31st. Finally, Stifel Nicolaus cut their price target on Alimentation Couche-Tard from C$70.00 to C$68.00 in a report on Thursday. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$67.96.

Alimentation Couche-Tard Price Performance

TSE ATD traded down C$0.84 during trading on Thursday, hitting C$59.26. 265,628 shares of the stock traded hands, compared to its average volume of 1,643,804. The company has a market capitalization of C$60.57 billion and a P/E ratio of 16.80. The firm has a 50-day simple moving average of C$59.00 and a 200-day simple moving average of C$57.02. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 75.37. Alimentation Couche-Tard has a 12-month low of C$45.23 and a 12-month high of C$63.48.

Alimentation Couche-Tard (TSE:ATDGet Rating) last posted its quarterly earnings data on Tuesday, August 30th. The company reported C$1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.91 by C$0.18. The company had revenue of C$24.01 billion during the quarter, compared to the consensus estimate of C$22.07 billion. As a group, analysts predict that Alimentation Couche-Tard will post 3.8399997 EPS for the current year.

About Alimentation Couche-Tard

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Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

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