National Bank Financial Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$101.00

Key Points

• National Bank Financial lowered Alimentation Couche-Tard’s price target from C$102 to C$101 while maintaining an “outperform” rating, implying 23.1% potential upside from the previous close.
• Analyst sentiment remains positive, with 11 Buy ratings and two Holds; the stock has a “Moderate Buy” consensus rating and an average target price of C$99.73.
• Shares 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 cut by National Bank Financial from C$102.00 to C$101.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price target points to a potential upside of 23.10% from the stock's previous close.

A number of other equities research analysts also recently issued reports on ATD. UBS Group increased their price target on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Scotia dropped their price objective on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a "sector outperform" rating for the company in a report on Wednesday, August 19th. Desjardins upped their target price on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Stifel Nicolaus reduced their target price on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a "buy" rating on the stock in a report on Thursday. Finally, TD reduced their target price on Alimentation Couche-Tard from C$110.00 to C$103.00 and set a "buy" rating on the stock in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$99.73.

Alimentation Couche-Tard Stock Performance

TSE ATD traded down C$0.20 during trading on Thursday, reaching C$82.05. The company's stock had a trading volume of 715,028 shares, compared to its average volume of 1,483,126. The firm has a 50 day moving average price of C$89.78 and a 200 day moving average price of C$83.72. Alimentation Couche-Tard has a 12 month low of C$68.30 and a 12 month high of C$95.15. 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. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.

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