Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price objective upped by investment analysts at Stifel Nicolaus from C$76.00 to C$81.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 13.29% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. BMO Capital Markets increased their price target on Alimentation Couche-Tard from C$75.00 to C$78.00 and gave the company an “outperform” rating in a research report on Friday. Canaccord Genuity Group set a C$78.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a research report on Monday, August 28th. National Bankshares increased their price target on Alimentation Couche-Tard from C$78.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada increased their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. Finally, TD Securities increased their price target on Alimentation Couche-Tard from C$76.00 to C$79.00 and gave the company a “buy” rating in a research report on Friday. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$79.08.
View Our Latest Research Report on ATD
Alimentation Couche-Tard Trading Up 1.9 %
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 for the quarter, beating the consensus estimate of C$0.60 by C$0.36. Alimentation Couche-Tard had a return on equity of 23.76% and a net margin of 4.43%. The business had revenue of C$22.06 billion during the quarter, compared to analysts’ expectations of C$20.97 billion. On average, sell-side analysts expect that Alimentation Couche-Tard will post 3.954646 earnings per share for the current fiscal year.
About Alimentation Couche-Tard
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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