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

Alimentation Couche-Tard (TSE:ATD) had its price objective increased by analysts at CIBC from C$88.00 to C$89.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 7.49% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. National Bankshares upped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday. Stifel Nicolaus increased their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Royal Bank of Canada reduced their price objective on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. Desjardins increased their price objective on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$87.67.

Alimentation Couche-Tard Stock Performance

Shares of ATD traded up C$3.71 during trading hours on Wednesday, hitting C$82.80. The stock had a trading volume of 1,010,226 shares, compared to its average volume of 1,483,318. The firm has a 50-day moving average price of C$75.21 and a 200 day moving average price of C$77.71. Alimentation Couche-Tard has a fifty-two week low of C$71.31 and a fifty-two week high of C$87.27. The firm has a market capitalization of C$78.49 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00.

Alimentation Couche-Tard (TSE:ATD) last posted its earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion for the quarter, compared to analysts’ expectations of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. As a group, research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Company Profile

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.