Raymond James Increases Alimentation Couche-Tard (TSE:ATD) Price Target to C$82.00

Posted by on Sep 10th, 2023

Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price target hoisted by stock analysts at Raymond James from C$78.00 to C$82.00 in a research note issued to investors on Friday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 14.69% from the company’s previous close.

A number of other equities research analysts have also issued reports on ATD. National Bankshares boosted their target price on Alimentation Couche-Tard from C$78.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Alimentation Couche-Tard from C$72.00 to C$73.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on Alimentation Couche-Tard from C$70.00 to C$75.00 in a report on Thursday, June 29th. CIBC lifted their price target on Alimentation Couche-Tard from C$78.00 to C$79.00 and gave the company an “outperform” rating in a report on Friday. Finally, Canaccord Genuity Group set a C$78.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a report on Monday, August 28th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$79.08.

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Alimentation Couche-Tard Stock Up 1.9 %

Shares of Alimentation Couche-Tard stock opened at C$71.50 on Friday. The stock’s fifty day moving average is C$68.30 and its 200-day moving average is C$66.69. The firm has a market capitalization of C$69.08 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 75.43. Alimentation Couche-Tard has a 12-month low of C$54.12 and a 12-month high of C$72.98.

Alimentation Couche-Tard (TSE:ATD – Get Free Report) last announced its earnings results on Tuesday, June 27th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.36. The company had revenue of C$22.06 billion for the quarter, compared to analyst estimates of C$20.97 billion. Alimentation Couche-Tard had a return on equity of 23.76% and a net margin of 4.43%. Equities analysts anticipate that Alimentation Couche-Tard will post 3.954646 earnings per share for the current year.

About Alimentation Couche-Tard

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Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.

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