Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $57.65 and traded as high as $57.9840. Alimentation Couche-Tard shares last traded at $57.9840, with a volume of 154,752 shares.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. BMO Capital Markets raised Alimentation Couche-Tard from a “hold” rating to an “outperform” rating in a report on Tuesday, October 20th. Canadian Imperial Bank of Commerce initiated coverage on shares of Alimentation Couche-Tard in a report on Thursday, October 22nd. They issued a “hold” rating for the company. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, August 19th. Finally, TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on ANCTF
Alimentation Couche-Tard Price Performance
The stock’s fifty day moving average is $57.65 and its 200 day moving average is $59.12.
Alimentation Couche-Tard (OTCMKTS:ANCTF – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $20.86 billion.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc is a Canadian operator of convenience stores and fuel stations. Based in Laval, Quebec, the company serves consumers and motorists through a network of stores offering food, beverages, tobacco and nicotine products, alcohol in select markets, personal and automotive convenience items, and other everyday essentials. Many locations also provide fuel, car-wash services, electric-vehicle charging, and commercial fueling solutions.
The company operates primarily under the Couche-Tard and Circle K brands, as well as other regional banners.
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