Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$90.00 at BMO Capital Markets

Key Points

• BMO Capital Markets lowered Alimentation Couche-Tard’s price target from C$95 to C$90 while maintaining a “market perform” rating, implying 9.69% upside from the prior close.
• Analyst sentiment remains broadly positive: 11 analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target of C$99.73.
• Shares traded at C$82.05, below their 50-day moving average of C$89.78. The company recently reported quarterly EPS of C$1.26 on revenue of C$30.43 billion.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective dropped by investment analysts at BMO Capital Markets from C$95.00 to C$90.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 9.69% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Desjardins raised their price target on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Raymond James Financial increased their price objective on Alimentation Couche-Tard from C$90.00 to C$105.00 in a report on Wednesday, June 24th. Stifel Nicolaus decreased their target price on Alimentation Couche-Tard from C$110.00 to C$108.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce boosted their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Finally, UBS Group upped their price target on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$99.73.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD traded down C$0.20 during mid-day trading on Thursday, reaching C$82.05. 715,028 shares of the company's stock were exchanged, compared to its average volume of 1,483,126. The firm has a 50-day moving average price of C$89.78 and a two-hundred day moving average price of C$83.72. 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 firm has a market capitalization of C$75.32 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a 52 week low of C$68.30 and a 52 week high of C$95.15.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. The business had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. Analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS 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.

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