Alimentation Couche-Tard (TSE:ATD) Given New C$102.00 Price Target at Canadian Imperial Bank of Commerce

Alimentation Couche-Tard (TSE:ATD) had its price objective raised by research analysts at Canadian Imperial Bank of Commerce from C$89.00 to C$102.00 in a research report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 8.90% from the stock’s previous close.

Several other equities research analysts have also weighed in on ATD. Royal Bank Of Canada lifted their price objective on Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. set a C$95.00 target price on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Scotia lifted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 11th. Raymond James Financial boosted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research report on Thursday, March 19th. Finally, National Bank Financial raised their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and an average target price of C$100.87.

Alimentation Couche-Tard Stock Performance

ATD traded up C$1.79 during midday trading on Wednesday, reaching C$93.66. The company had a trading volume of 1,605,851 shares, compared to its average volume of 1,446,158. Alimentation Couche-Tard has a 12-month low of C$66.93 and a 12-month high of C$95.15. The business has a 50-day moving average price of C$79.77 and a two-hundred day moving average price of C$78.32. The stock has a market cap of C$86.00 billion, a PE ratio of 32.41, a P/E/G ratio of 1.35 and a beta of 0.74. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95.

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

About Alimentation Couche-Tard

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.