Alimentation Couche-Tard (TSE:ATD) Downgraded by BMO Capital Markets to Hold

Key Points

• BMO Capital Markets has downgraded Alimentation Couche-Tard from a "strong-buy" to a "hold" rating, reflecting a change in their outlook on the company.
• Despite this downgrade, the stock maintains an average rating of "Buy" among analysts, with a consensus target price of C$83.92.
• Alimentation Couche-Tard's stock is currently trading at C$70.31, with a market cap of C$46.71 billion.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) was downgraded by equities research analysts at BMO Capital Markets from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

ATD has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a research report on Tuesday, June 10th. Scotiabank decreased their price target on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating on the stock in a research report on Friday, June 27th. Desjardins dropped their price target on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Stifel Nicolaus cut their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Finally, TD Securities upped their price objective on Alimentation Couche-Tard from C$82.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$83.92.

Alimentation Couche-Tard Stock Up 0.1%

ATD stock opened at C$70.31 on Tuesday. The company has a market cap of C$46.71 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The business's 50-day moving average is C$70.85 and its two-hundred day moving average is C$71.02. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$83.73.

Alimentation Couche-Tard Company Profile

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.

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