BMO Capital Markets Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its target price upped by BMO Capital Markets from C$84.00 to C$95.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 1.43% from the company’s current price.

Other research analysts also recently issued research reports about the stock. UBS Group upped their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday. National Bank Financial boosted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. set a C$95.00 price target on shares of Alimentation Couche-Tard and gave the company an “overweight” rating in a research note on Thursday, March 26th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$100.87.

Alimentation Couche-Tard Price Performance

Shares of ATD traded up C$1.79 on Wednesday, hitting C$93.66. The company’s stock had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. The company has a market capitalization of C$86.00 billion, a PE ratio of 32.41, a PEG ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$95.15. The company has a 50 day moving average price of C$79.77 and a 200 day moving average price of C$78.32. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share 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.