Alimentation Couche-Tard (TSE:ATD) Given New C$102.00 Price Target at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD) had its price target boosted by research analysts at Stifel Nicolaus from C$93.00 to C$102.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 8.90% from the company’s current price.

ATD has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a report on Wednesday. Canaccord Genuity Group upped their price target on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group increased their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday. JPMorgan Chase & Co. set a C$95.00 price objective on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Finally, TD upped their target price on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the company a “buy” rating in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$100.87.

Alimentation Couche-Tard Stock Up 1.9%

Shares of Alimentation Couche-Tard stock traded up C$1.79 during trading on Wednesday, hitting C$93.66. 1,605,851 shares of the stock were exchanged, compared to its average volume of 1,446,158. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88. The firm’s 50-day moving average price is C$79.77 and its 200 day moving average price is C$78.32. The stock has a market cap of C$86.00 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a 12-month low of C$66.93 and a 12-month high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last posted its earnings results on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. As a group, analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.