CIBC Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by equities researchers at CIBC from C$88.00 to C$89.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 7.49% from the company’s current price.

A number of other research firms have also commented on ATD. Stifel Nicolaus boosted their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday, September 6th. Canaccord Genuity Group boosted their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Royal Bank of Canada decreased their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. Desjardins lifted their price target on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday. Finally, National Bankshares upped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$87.67.

Alimentation Couche-Tard Stock Up 0.4 %

Shares of TSE ATD opened at C$82.80 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The company has a market cap of C$78.49 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27. The business has a 50-day simple moving average of C$75.49 and a two-hundred day simple moving average of C$77.78.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion for the quarter, compared to the consensus estimate of C$24.73 billion. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. 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 and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.