Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$104.00 at Scotia

Key Points

• Scotia lowered Alimentation Couche-Tard’s price target from C$107 to C$104 while maintaining a “sector outperform” rating, implying 17.69% upside from the current price.
• Analyst sentiment remains positive: 11 analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of C$101.
• Shares fell C$1.56 to C$88.37 in Wednesday trading. The company recently reported quarterly EPS of C$1.00, with a 20.01% return on equity and a 4.11% net margin.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price target cut by analysts at Scotia from C$107.00 to C$104.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector outperform" rating on the stock. Scotia's target price suggests a potential upside of 17.69% from the stock's current price.

A number of other analysts have also commented on the stock. UBS Group upped their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada lifted their target price on shares of Alimentation Couche-Tard from C$106.00 to C$111.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce boosted their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a "market perform" rating in a research report on Wednesday, June 24th. Finally, National Bank Financial raised their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Alimentation Couche-Tard has an average rating of "Moderate Buy" and a consensus price target of C$101.00.

Alimentation Couche-Tard Price Performance

Shares of TSE ATD traded down C$1.56 during mid-day trading on Wednesday, reaching C$88.37. The company had a trading volume of 395,483 shares, compared to its average volume of 1,467,854. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65. The stock has a market cap of C$81.12 billion, a PE ratio of 26.22, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a 50-day moving average price of C$89.86 and a two-hundred day moving average price of C$83.16. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last announced its earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. On average, equities analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source