Alimentation Couche-Tard (TSE:ATD) Shares Up 2% – Time to Buy?

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price rose 2% during trading on Monday . The stock traded as high as C$84.36 and last traded at C$84.25. Approximately 1,177,949 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,626,018 shares. The stock had previously closed at C$82.62.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATD shares. Scotiabank increased their target price on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada upped their price target on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Jefferies Financial Group increased their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a report on Thursday, February 12th. National Bank Financial lifted their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.91.

Alimentation Couche-Tard Price Performance

The company has a debt-to-equity ratio of 101.56, a quick ratio of 0.88 and a current ratio of 0.95. The firm has a fifty day simple moving average of C$79.08 and a two-hundred day simple moving average of C$75.12. The firm has a market cap of C$72.85 billion, a PE ratio of 28.61, a PEG ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD) last posted its earnings results on Tuesday, March 17th. The company reported C$1.10 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 17.36% and a net margin of 3.60%.The firm had revenue of C$29.74 billion during the quarter. Equities analysts predict that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Company Profile

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.