Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Sees Significant Drop in Short Interest

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTFGet Rating) was the target of a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 5,462,000 shares, a drop of 10.1% from the December 15th total of 6,079,000 shares. Based on an average daily trading volume, of 19,400 shares, the short-interest ratio is presently 281.5 days.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Credit Suisse Group started coverage on shares of Alimentation Couche-Tard in a research note on Monday, December 19th. They set a “neutral” rating for the company. Stifel Nicolaus raised their target price on shares of Alimentation Couche-Tard from C$65.00 to C$70.00 in a research note on Monday, November 14th. Scotiabank raised their target price on shares of Alimentation Couche-Tard from C$66.00 to C$68.50 in a research note on Wednesday, November 16th. Desjardins raised their target price on shares of Alimentation Couche-Tard from C$65.00 to C$69.00 in a research note on Monday, November 21st. Finally, Royal Bank of Canada raised their target price on shares of Alimentation Couche-Tard from C$79.00 to C$80.00 in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.28.

Alimentation Couche-Tard Trading Down 0.7 %

Shares of Alimentation Couche-Tard stock opened at $46.46 on Monday. The company’s fifty day simple moving average is $45.53 and its 200-day simple moving average is $44.17. Alimentation Couche-Tard has a 1-year low of $35.26 and a 1-year high of $48.35.

Alimentation Couche-Tard (OTCMKTS:ANCTFGet Rating) last released its earnings results on Tuesday, November 22nd. The company reported $0.82 earnings per share for the quarter. The firm had revenue of $16.88 billion for the quarter.

About Alimentation Couche-Tard

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Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

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