Alimentation Couche-Tard (OTCMKTS:ANCTF) Posts Quarterly Earnings Results, Meets Estimates

Alimentation Couche-Tard (OTCMKTS:ANCTF) posted its earnings results on Tuesday. The company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90, Zacks reports.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock traded up $0.69 on Tuesday, hitting $60.91. The company’s stock had a trading volume of 159,513 shares, compared to its average volume of 138,095. The firm has a fifty day moving average price of $64.13 and a 200-day moving average price of $60.32. Alimentation Couche-Tard has a 1 year low of $48.03 and a 1 year high of $67.06.

Analyst Ratings Changes

A number of equities analysts have weighed in on ANCTF shares. BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, June 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.