Royal Bank Of Canada Reiterates "C$111.00" Price Target for Alimentation Couche-Tard (TSE:ATD)

Key Points

• Royal Bank of Canada reiterated a C$111 price target and an “outperform” rating for Alimentation Couche-Tard, implying 31.52% upside from its previous close.
• Analyst sentiment remains broadly positive, with 11 Buy ratings and two Holds; the stock has a consensus “Moderate Buy” rating and an average price target of C$101.40.
• Shares closed at C$84.40, while the company reported quarterly EPS of C$1.00, a 4.11% net margin and a 20.01% return on equity.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) received a C$111.00 price target from analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 31.52% from the company's previous close.

A number of other equities analysts have also issued reports on ATD. National Bank Financial increased their price target on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an "outperform" rating in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce boosted their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Stifel Nicolaus cut their price objective on Alimentation Couche-Tard from C$110.00 to C$108.00 and set a "buy" rating for the company in a report on Thursday, August 20th. BMO Capital Markets lifted their target price on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a "market perform" rating in a report on Wednesday, June 24th. Finally, UBS Group boosted their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of "Moderate Buy" and a consensus price target of C$101.40.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock traded down C$0.79 during trading hours on Wednesday, hitting C$84.40. 492,741 shares of the company traded hands, compared to its average volume of 1,462,064. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15. The firm has a market cap of C$77.48 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.35 and a beta of 0.67. The firm's 50-day simple moving average is C$90.08 and its two-hundred day simple moving average is C$83.58. 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 (TSE:ATD - Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 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%. As a group, analysts forecast 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 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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