Alimentation Couche-Tard (TSE:ATD) Trading Up 2% – What’s Next?

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) were up 2% on Monday . The company traded as high as C$84.36 and last traded at C$84.25. Approximately 1,177,949 shares traded hands during trading, a decline of 28% from the average daily volume of 1,626,018 shares. The stock had previously closed at C$82.62.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATD. BMO Capital Markets raised their target price on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Royal Bank Of Canada upped their price target on shares of Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Jefferies Financial Group increased their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. Desjardins raised their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Stifel Nicolaus boosted their target price on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$90.91.

Alimentation Couche-Tard Stock Performance

The firm has a market capitalization of C$78.00 billion, a P/E ratio of 30.64, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 101.56, a current ratio of 0.95 and a quick ratio of 0.88. The firm has a 50-day moving average price of C$78.89 and a two-hundred day moving average price of C$75.03.

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.