In a latest note to investors, a research analyst has provided a rating update for the NA sector company, Alimentation Couche-Tard Inc (TSX: ATD.A). Analyst Michael Van Aelst from TD Securities reiterated a Buy rating, with a C$82 price target today.
Aelst has an average return of 0.2% when recommending Alimentation Couche-Tard Inc.
According to TipRanks.com, Aelst is ranked #3603 out of 4875 analysts.
Currently, the analyst consensus on Alimentation Couche-Tard Inc is a Strong Buy with an average price target of C$76.29, which is a 15.0% upside from current levels. In a report issued on August 27, Barclays also maintained a Buy rating on the stock with a C$73 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$482 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 Friday at C$66.35, close to its 52-week high of C$67.98.
