Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Given Average Recommendation of “Moderate Buy” by Brokerages

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company.

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 Wednesday, November 26th. National Bankshares reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. BNP Paribas Exane initiated coverage on Alimentation Couche-Tard in a report on Tuesday, January 20th. They issued a “neutral” rating for the company. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, November 26th. Finally, TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, November 26th.

Alimentation Couche-Tard Stock Up 1.2%

Shares of ANCTF opened at $57.72 on Monday. Alimentation Couche-Tard has a 12 month low of $45.61 and a 12 month high of $58.87. The firm’s 50 day moving average is $53.97 and its 200-day moving average is $52.57.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $17.87 billion during the quarter, compared to analyst estimates of $17.92 billion.

About Alimentation Couche-Tard

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.