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 – Get Free Report) from C$85.00 to C$87.00. This new target suggests a potential increase of approximately 5.07% from the stock’s current value, as reported by BayStreet.CA.

Other analysts have also recently provided updates on Couche-Tard's stock. Stifel Nicolaus increased their price target from C$86.00 to C$88.00 in a report dated September 6. Moreover, JPMorgan Chase & Co. lifted their target from C$83.00 to C$87.00 on September 19. Canaccord Genuity Group set their target at C$85.00, up from C$83.00, in a report on November 20. Meanwhile, Desjardins reduced their target from C$96.00 to C$94.00, maintaining an “outperform” rating for the stock, and CIBC also lowered their price target from C$89.00 to C$88.00 recently.

Currently, among analysts, one has placed a hold rating on the stock, while eight analysts have classified it as a buy. According to MarketBeat.com data, the consensus rating remains a "Moderate Buy" with a collective target price of roughly C$87.67.

Recent Stock Performance

Alimentation Couche-Tard's shares opened at C$82.80 on Wednesday, marking a slight increase of 0.4%. Over the past twelve months, the stock has seen a low of C$71.31 and a high of C$87.27. The company maintains a market capitalization of C$78.49 billion, with a debt-to-equity ratio of 102.11. Its current and quick ratios stand at 1.00 and 0.88, respectively. The stock has a PE ratio of 21.40, a P/E/G ratio of 1.35, and a beta of 0.89. The 50-day and 200-day moving average prices are C$75.49 and C$77.78, respectively.

Company Earnings Overview

On September 4, Alimentation Couche-Tard reported its quarterly earnings, showing earnings per share (EPS) of C$1.13, which exceeded analysts’ expectations by C$0.02, as the consensus forecast was C$1.11. Furthermore, the company delivered a return on equity of 19.72% along with a net margin of 3.73%. The revenue for the quarter reached C$24.99 billion, surpassing the consensus estimate of C$24.73 billion. Analysts predict an average EPS of approximately 4.04 for the current fiscal year.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc is a leading operator and licensor of convenience stores across North America, Europe, and Asia. Its stores offer a variety of products, including tobacco and alternative tobacco items, grocery essentials, snacks, beverages, and fresh food. Additionally, they provide road transportation fuels, electric vehicle charging solutions, and aviation fuels.

Stocks, Investment, Earnings