Alimentation Couche-Tard (OTCMKTS:ANCTF) Shares Cross Above Fifty Day Moving Average – What’s Next?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $52.04 and traded as high as $54.95. Alimentation Couche-Tard shares last traded at $54.79, with a volume of 37,778 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ANCTF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. The Goldman Sachs Group raised shares of Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, November 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, September 3rd. Finally, TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Alimentation Couche-Tard has an average rating of “Buy”.

Alimentation Couche-Tard Stock Performance

The company’s 50 day moving average is $52.04 and its 200 day moving average is $52.03.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $17.87 billion for the quarter, compared to analysts’ expectations of $17.92 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.