Alimentation Couche-Tard (TSE:ATD) PT Set at C$111.00 by Royal Bank Of Canada

Key Points

• Royal Bank of Canada set a C$111.00 price target on Alimentation Couche-Tard and maintained an “outperform” rating, implying 35.81% upside from the prior close.
• Analyst sentiment remains positive: 11 analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and average target of C$101.40.
• Shares traded at C$81.73, while the company reported quarterly revenue of C$30.43 billion and EPS of C$1.26; its stock remains below the 50-day moving average of C$90.01.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) received a C$111.00 target price from stock analysts at Royal Bank Of Canada in a report issued on Wednesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 35.81% from the stock's previous close.

Several other research firms have also recently weighed in on ATD. BMO Capital Markets raised their target price on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a "market perform" rating in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce increased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. Desjardins raised their price objective on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Scotia reduced their target price on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a "sector outperform" rating on the stock in a report on Wednesday, August 19th. Finally, UBS Group lifted their target price on Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$101.40.

Alimentation Couche-Tard Price Performance

ATD stock traded down C$2.55 during midday trading on Wednesday, hitting C$81.73. The company's stock had a trading volume of 1,378,861 shares, compared to its average volume of 1,481,291. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 101.65. Alimentation Couche-Tard has a 12 month low of C$68.30 and a 12 month high of C$95.15. The company has a 50 day moving average of C$90.01 and a two-hundred day moving average of C$83.72. The firm has a market capitalization of C$75.03 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. The firm had revenue of C$30.43 billion for the quarter. On average, analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current 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.

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