Alimentation Couche-Tard Inc (ATD – Research Report), was revisited by a Wall Street analyst yesterday. Analyst Bonnie Herzog from Goldman Sachs remains bullish on the stock.
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 3.5% and a 53.4% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Vita Coco Company, and Keurig Dr Pepper.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alimentation Couche-Tard Inc with a C$86.11 average price target, representing a 9.3% upside. In a report issued on November 23, RBC Capital also maintained a Buy rating on the stock with a C$94.00 price target.
Based on Alimentation Couche-Tard Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of C$15.62 billion and net profit of C$834 million. In comparison, last year the company earned revenue of C$18.66 billion and had a net profit of C$872 million.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia. Its operation is geographically divided into U.S., Europe, and Canada. Revenue from external customers fall mainly into three categories: merchandise and services, road transportation fuel, and other.
The company’s shares closed last Tuesday at C$78.75, close to its 52-week high of C$80.28.
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