BMO Capital Markets Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective reduced by investment analysts at BMO Capital Markets from C$82.00 to C$76.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 12.28% from the stock's current price.

Several other analysts also recently issued reports on ATD. TD Securities set a C$82.00 price objective on shares of Alimentation Couche-Tard and gave the stock a "buy" rating in a report on Friday. Stifel Nicolaus reduced their price target on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a report on Friday. UBS Group reduced their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. National Bankshares reduced their price target on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Jefferies Financial Group reduced their price target on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set a "buy" rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$83.69.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD traded up C$0.05 during trading hours on Friday, hitting C$67.69. 1,387,017 shares of the stock were exchanged, compared to its average volume of 1,316,554. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The company's 50 day moving average is C$71.09 and its 200 day moving average is C$72.83. The firm has a market capitalization of C$44.97 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.