Alimentation Couche-Tard Stock Price Expected to Rise, Analyst Reports

On November 29, 2024, investment analysts at National Bankshares raised their price target for Alimentation Couche-Tard (TSE:ATD) from C$85.00 to C$87.00. This revision signals an anticipated upside of 5.07% based on the stock's current pricing, as reported by BayStreet.CA.

Other analysts have also shown optimism about Alimentation Couche-Tard's stock. On September 6, Stifel Nicolaus increased their target price from C$86.00 to C$88.00. Following that, on September 19, JPMorgan Chase & Co. raised their target from C$83.00 to C$87.00. Canaccord Genuity Group also contributed to the bullish sentiment by increasing their target from C$83.00 to C$85.00 on November 20. However, on September 5, Desjardins adjusted their target from C$96.00 to C$94.00 while maintaining an “outperform” rating. Additionally, CIBC lowered their target from C$89.00 to C$88.00.

Currently, one equity research analyst rates the stock as a hold, while eight have issued buy ratings, resulting in a consensus rating of "Moderate Buy" with an average target price of C$87.67 according to MarketBeat.com.

Alimentation Couche-Tard Stock Performance

On the day of the report, Alimentation Couche-Tard's stock opened at C$82.80. The company's stock has experienced a twelve-month low of C$71.31 and a high of C$87.27. Financial metrics indicate a debt-to-equity ratio of 102.11, a quick ratio of 0.88, and a current ratio of 1.00. With a market capitalisation of C$78.49 billion, it possesses a PE ratio of 21.40, a P/E/G ratio of 1.35, and a beta of 0.89. The stock's 50-day moving average stands at C$75.49, and its 200-day moving average is C$77.78.

In its most recent quarterly earnings report on September 4, Alimentation Couche-Tard announced earnings per share of C$1.13, exceeding analysts’ expectations of C$1.11 by C$0.02. The company recorded a return on equity of 19.72% and maintained a net margin of 3.73%. Additionally, the revenue for the quarter was C$24.99 billion, surpassing the consensus estimate of C$24.73 billion. Analysts project that Alimentation Couche-Tard will achieve an EPS of approximately 4.04 for the current fiscal year.

Company Overview

Alimentation Couche-Tard Inc. operates a network of convenience stores across North America, Europe, and Asia. The stores provide a variety of products, including tobacco and alternative tobacco products, grocery items, snacks, beverages, and road transportation fuels, along with electric vehicle charging solutions and aviation fuels.

Alimentation, Stock, Investment