Alimentation Couche-Tard (TSE:ATD) PT Raised to C$78.00 at BMO Capital Markets

Posted by on Sep 10th, 2023

Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price objective increased by stock analysts at BMO Capital Markets from C$75.00 to C$78.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 9.09% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 and gave the company an “outperform” rating in a research note on Wednesday, June 7th. CSFB upgraded shares of Alimentation Couche-Tard from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$65.00 to C$85.00 in a research report on Tuesday, July 18th. Wells Fargo & Company increased their price objective on shares of Alimentation Couche-Tard from C$70.00 to C$75.00 in a research report on Thursday, June 29th. National Bankshares increased their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$74.00 to C$76.00 in a research report on Thursday, June 29th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$79.08.

View Our Latest Stock Report on ATD

Alimentation Couche-Tard Stock Performance

ATD opened at C$71.50 on Friday. The stock has a market capitalization of C$69.08 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.35 and a beta of 0.91. The company has a fifty day moving average of C$68.30 and a 200 day moving average of C$66.69. Alimentation Couche-Tard has a fifty-two week low of C$54.12 and a fifty-two week high of C$72.98. The company has a debt-to-equity ratio of 75.43, a quick ratio of 0.88 and a current ratio of 1.18.

Alimentation Couche-Tard (TSE:ATD – Get Free Report) last posted 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. The company had revenue of C$22.06 billion during the quarter, compared to analysts’ expectations of C$20.97 billion. Alimentation Couche-Tard had a net margin of 4.43% and a return on equity of 23.76%. As a group, sell-side analysts forecast that Alimentation Couche-Tard will post 3.954646 earnings per share for the current fiscal year.

Alimentation Couche-Tard Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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