FFLWF's partner: Royal Bank of Canada Reiterates “Outperform” Rating for Alimentation Couche-Tard (TSE:ATD.B)
Posted by Steve Reilly on Dec 20th, 2019
Alimentation Couche-Tard logoAlimentation Couche-Tard (TSE:ATD.B)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a research report issued on Wednesday, November 27th, BayStreet.CA reports. They currently have a C$47.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 11.43% from the company’s previous close.
Several other analysts have also commented on the stock. TD Securities dropped their price target on shares of Alimentation Couche-Tard from C$90.00 to C$45.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. National Bank Financial dropped their price objective on Alimentation Couche-Tard to C$45.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. SunTrust Banks increased their target price on Alimentation Couche-Tard from C$92.00 to C$93.00 in a report on Friday, September 6th. Desjardins raised Alimentation Couche-Tard from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$87.00 to C$88.00 in a research note on Friday, August 23rd. Finally, BMO Capital Markets upgraded Alimentation Couche-Tard from a “market perform” rating to an “outperform” rating and set a C$49.00 price target for the company in a research report on Monday, November 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$61.11.
Alimentation Couche-Tard stock traded up C$0.09 during trading hours on Wednesday, hitting C$42.18. 3,812,320 shares of the stock traded hands, compared to its average volume of 765,673. The company has a debt-to-equity ratio of 95.29, a current ratio of 0.82 and a quick ratio of 0.55. Alimentation Couche-Tard has a 1 year low of C$32.45 and a 1 year high of C$44.57. The stock has a market capitalization of $36.67 billion and a price-to-earnings ratio of 23.51. The firm’s 50 day moving average price is C$41.93 and its 200-day moving average price is C$66.03.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
