Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several brokerages have commented on ANCTF. Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, June 11th. BMO Capital Markets restated a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th.

Alimentation Couche-Tard Price Performance

Shares of ANCTF stock opened at $63.55 on Monday. The company’s fifty day simple moving average is $58.85 and its 200-day simple moving average is $57.54. Alimentation Couche-Tard has a 12 month low of $47.24 and a 12 month high of $66.49.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its earnings results on Monday, June 22nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.54 by $0.19. The business had revenue of $19.49 billion for 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.