Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts have recently commented on the stock. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, February 12th. National Bank Financial reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th. BNP Paribas Exane started coverage on Alimentation Couche-Tard in a report on Tuesday, January 20th. They issued a “neutral” rating for the company. Finally, Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th.

Alimentation Couche-Tard Stock Down 1.2%

Shares of ANCTF opened at $60.39 on Friday. Alimentation Couche-Tard has a twelve month low of $45.61 and a twelve month high of $62.17. The company has a 50 day moving average of $56.19 and a 200-day moving average of $53.40.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its earnings results on Monday, November 24th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $17.87 billion for the quarter, compared to analyst estimates of $17.92 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.