Wall Street analyst has provided a review today, and retained the same rating on the stock. Analyst Michael Van Aelst from TD Securities remains bullish on Alimentation Couche-Tard Inc (ATD.A) and has a C$84 price target.
Aelst has an average return of 2.3% when recommending Alimentation Couche-Tard Inc.
According to TipRanks.com, Aelst is ranked #3706 out of 5127 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alimentation Couche-Tard Inc with a C$77.56 average price target, which is a 12.1% upside from current levels. 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$69.21.
