GMP FirstEnergy Reiterates a Buy Rating on Alimentation Cl A MV

By Ryan Adsit

Alimentation Cl A MV (TSX: ATD.A), the Services sector company was revisited on November 8, and remains undervalued for at least one analyst on the street. Analyst Martin Landry from GMP FirstEnergy reiterated a Buy rating, with a C$80 price target on November 8.

According to TipRanks.com, Landry is ranked #635 out of 4562 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$74.86, representing a 20.5% upside.

In a report issued on March 15, Barclays also maintained a Buy rating on the stock with a C$72 price target.

Based on Alimentation Cl A MV’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$11.02 billion and quarterly net profit of C$423 million. In comparison, last year the company earned revenue of C$11.1 billion and had a net profit of C$547 million.

Alimentation Couche-Tard, Inc. operates independent convenience stores in Canada. It engages in the sale of goods for immediate consumption, road transportation fuel, and other products mainly through corporate stores and franchise operations under different brand names namely, Circle K, Couche-Tard, Mac’s Kangaroo Express, Statoil, Ingo, Topaz, and Re.Store. The company was founded by Alain Bouchard in 1980 and is headquartered in Laval, Canada.