Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.37 and traded as high as $66.90. Alimentation Couche-Tard shares last traded at $66.90, with a volume of 149,050 shares trading hands.

Analysts Set New Price Targets

ANCTF has been the topic of a number of research analyst reports. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, June 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a research report on Tuesday. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Price Performance

The company has a 50 day simple moving average of $62.60 and a 200-day simple moving average of $59.37.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its earnings results on Monday, June 22nd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. The business had revenue of $19.49 billion for the quarter, compared to the consensus estimate of $18.51 billion.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.