Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Receives Average Rating of “Moderate Buy” from Brokerages

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

A number of research analysts recently issued reports on ANCTF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, June 23rd. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th.

Alimentation Couche-Tard Trading Up 0.5%

Shares of OTCMKTS ANCTF opened at $64.31 on Monday. The business’s 50 day moving average is $59.71 and its 200-day moving average is $57.90. Alimentation Couche-Tard has a 1-year low of $47.24 and a 1-year high of $66.49.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its quarterly earnings data on Monday, June 22nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. The firm had revenue of $19.49 billion during the quarter, compared to analyst estimates of $18.51 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.