Alimentation Couche-Tard (TSE:ATD) Upgraded to "Hold" at The Goldman Sachs Group

Key Points

• Alimentation Couche-Tard has been upgraded to a "hold" rating by The Goldman Sachs Group, reflecting a stable outlook for the company.
• Analysts from National Bankshares, BMO Capital Markets, and Scotiabank have raised price targets for the stock, indicating a positive sentiment among market experts.
• The stock currently has an average rating of "Buy" and a price target of C$85.31, while it has experienced a slight decline of 0.4% recently, closing at C$73.64.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) was upgraded by analysts at The Goldman Sachs Group to a "hold" rating in a note issued to investors on Friday,Zacks.com reports.

ATD has been the topic of a number of other research reports. BMO Capital Markets raised their target price on shares of Alimentation Couche-Tard from C$75.00 to C$78.00 in a research note on Thursday, September 4th. JPMorgan Chase & Co. lowered 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 report on Tuesday, June 10th. TD Securities raised their price target on shares of Alimentation Couche-Tard from C$85.00 to C$89.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Scotiabank raised their price target on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Finally, Stifel Nicolaus raised their price target on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$85.31.

Alimentation Couche-Tard Trading Down 0.4%

Shares of ATD stock traded down C$0.32 during mid-day trading on Friday, reaching C$71.88. The company's stock had a trading volume of 518,677 shares, compared to its average volume of 1,414,187. The company's 50 day simple moving average is C$71.67 and its 200-day simple moving average is C$70.94. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The firm has a market capitalization of C$67.61 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.35 and a beta of 0.34.

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.