Shares of Alimentation Couche-Tard Inc (ATD.A) were revisited by a Wall Street analyst today. Analyst Peter Sklar from BMO Capital rated Alimentation Couche-Tard Inc (ATD.A) a Buy, setting a C$78 price target.
Sklar has an average return of 6.3% when recommending Alimentation Couche-Tard Inc.
According to TipRanks.com, Sklar is ranked #1533 out of 5127 analysts.
Currently, the analyst consensus on Alimentation Couche-Tard Inc is a Strong Buy with an average price target of C$78.89, representing a 13.1% upside. In a report issued on November 22, Barclays also maintained a Buy rating on the stock with a C$75 price target.
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Based on Alimentation Couche-Tard Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of C$594 million. In comparison, last year the company had a net profit of C$544 million.
Alimentation Couche-Tard, Inc. engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores.
The company’s shares closed on Thursday at C$69.75.
