Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) passed 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 changing hands.

Analysts Set New Price Targets

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

Alimentation Couche-Tard Trading Up 1.7%

The business’s fifty day simple moving average is $62.60 and its two-hundred day simple moving average is $59.37.

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