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

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 equities research analysts at The Goldman Sachs Group to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Other analysts have also recently issued reports about the company. National Bankshares raised their price target on Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. BMO Capital Markets raised their price target on Alimentation Couche-Tard from C$75.00 to C$78.00 in a report on Thursday, September 4th. JPMorgan Chase & Co. dropped their price objective on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a research note on Tuesday, June 10th. Scotiabank raised their price objective on Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, Stifel Nicolaus raised their price objective on Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$85.31.

Alimentation Couche-Tard Stock Down 0.4%

ATD opened at C$73.64 on Friday. 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 business has a 50 day simple moving average of C$71.46 and a 200-day simple moving average of C$70.91. The stock has a market capitalization of C$69.27 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.35 and a beta of 0.34. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$83.73.

About Alimentation Couche-Tard

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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