Analysts have been quite happy with Alimentation Couche-Tard Inc (ATD.A) stock lately, as another research firm gave the stock a Buy rating today. Desjardins’ analyst Keith Howlett reiterates their Buy rating on the shares, with a C$77 price target.
Howlett has an average return of 7.4% when recommending Alimentation Couche-Tard Inc.
According to TipRanks.com, Howlett is ranked #1667 out of 5127 analysts.
Alimentation Couche-Tard Inc has an analyst consensus of Strong Buy, with a price target consensus of C$78.89, implying a 13.1% 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$69.75.
