Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$102.00 by Analysts at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered Alimentation Couche-Tard’s price target from C$108 to C$102 while maintaining a “buy” rating, implying 24.31% upside from the prior close.
• Analyst sentiment remains broadly positive: 11 analysts rate the stock a Buy and two rate it a Hold, with a consensus rating of “Moderate Buy” and an average price target of C$99.73.
• Shares recently traded at C$82.05, while the company reported quarterly revenue of C$30.43 billion and earnings of C$1.26 per share.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its target price lowered by analysts at Stifel Nicolaus from C$108.00 to C$102.00 in a note issued to investors on Thursday, BayStreet reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 24.31% from the company's previous close.

Other analysts have also issued reports about the stock. Raymond James Financial lowered their price target on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a research report on Thursday. Desjardins raised their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. BMO Capital Markets cut their price target on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a "market perform" rating for the company in a report on Thursday. Canadian Imperial Bank of Commerce increased their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Finally, UBS Group lifted their price objective on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$99.73.

Alimentation Couche-Tard Price Performance

ATD traded down C$0.20 during trading on Thursday, reaching C$82.05. 715,028 shares of the stock were exchanged, compared to its average volume of 1,483,126. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The company has a market capitalization of C$75.32 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a 1 year low of C$68.30 and a 1 year high of C$95.15. The business's 50 day moving average price is C$89.78 and its two-hundred day moving average price is C$83.72.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%.The business had revenue of C$30.43 billion during the quarter. As a group, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

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. 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