18:31:01 EDT Tue 21 May 2024
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Alimentation Couche-Tard Inc
Symbol ATD
Shares Issued 964,831,327
Close 2023-10-13 C$ 74.40
Market Cap C$ 71,783,450,729
Recent Sedar Documents

Globe says Stifel's Landry keeps Couche-Tard at "buy"

2023-10-13 09:26 ET - In the News

The Globe and reports in its Friday, Oct. 13, edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for Alimentation Couche-Tard. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry gave his share target a $4 boost to $85. Analysts on average target the shares at $84.94. The Globe says Mr. Landry believes Couche-Tard's valuation is "reasonable." He thinks Couche-Tard's plan to double its earnings per share over the next five years is "well-constructed." The Globe says Mr. Landry sees upside potential to its targets for fiscal 2028. Mr. Landry says in a note: "In our view, [Couche-Tard's] plan is credible and achievable but will require a strong execution given the targets established. ... Alimentation Couche-Tard's shares trade at approximately 16 times forward earnings, slightly lower than the five-year average. Couche-Tard has a better balance sheet than historically with an expected leverage of 2.1 times debt/EBITDA post the closing of the Total Energies acquisition, which provides flexibility to make further M&A transactions or return capital to shareholders. ... Couche-Tard has the potential to double its EPS in the coming five years."

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