Scotia Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price boosted by Scotia from C$94.00 to C$107.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s target price suggests a potential upside of 14.24% from the company’s current price.

A number of other research firms have also commented on ATD. UBS Group raised their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday. National Bank Financial boosted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada increased their target price on Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Tuesday. Raymond James Financial raised their target price on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. set a C$95.00 price target on Alimentation Couche-Tard and gave the company an “overweight” rating in a report on Thursday, March 26th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$100.87.

Alimentation Couche-Tard Trading Up 1.9%

TSE ATD traded up C$1.79 on Wednesday, hitting C$93.66. 1,605,851 shares of the company were exchanged, compared to its average volume of 1,446,158. The company’s 50 day moving average price is C$79.77 and its 200-day moving average price is C$78.32. 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 has a market capitalization of C$86.00 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. Analysts predict 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.