Alimentation Couche-Tard Inc. (TSE:ATD) Given Consensus Recommendation of “Buy” by Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$69.31.

Several equities analysts have weighed in on the company. Scotiabank raised their target price on Alimentation Couche-Tard from C$68.50 to C$71.00 in a report on Wednesday, March 8th. JPMorgan Chase & Co. raised their target price on Alimentation Couche-Tard from C$54.00 to C$66.00 in a report on Monday, March 6th. Raymond James raised their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 and gave the company a “strong-buy” rating in a report on Monday, November 28th. TD Securities raised their price target on Alimentation Couche-Tard from C$69.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, November 24th. Finally, Stifel Nicolaus lowered their price target on Alimentation Couche-Tard from C$70.00 to C$68.00 in a research report on Thursday, November 24th.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$60.94 on Thursday. Alimentation Couche-Tard has a fifty-two week low of C$48.62 and a fifty-two week high of C$65.95. The stock’s 50-day moving average is C$62.72 and its two-hundred day moving average is C$60.67. The company has a debt-to-equity ratio of 72.23, a current ratio of 1.36 and a quick ratio of 0.88. The firm has a market cap of C$60.35 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92.

About Alimentation Couche-Tard

(Get Rating)

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.