Raymond James Financial Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Key Points

• Raymond James lowered Alimentation Couche-Tard’s price target to C$100 from C$105, still implying 21.88% potential upside from the C$82.05 share price.
• Analyst sentiment remains positive, with 11 Buy ratings and two Holds; the consensus rating is “Moderate Buy” and the average target is C$99.73.
• Couche-Tard reported quarterly earnings of C$1.26 per share on C$30.43 billion in revenue, while the stock remains below its 50-day moving average of C$89.78.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective dropped by equities research analysts at Raymond James Financial from C$105.00 to C$100.00 in a research note issued to investors on Thursday, BayStreet reports. Raymond James Financial's price target would suggest a potential upside of 21.88% from the company's current price.

A number of other equities analysts have also issued reports on ATD. Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the company an "outperform" rating in a research report on Wednesday. TD upped their price target on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Canaccord Genuity Group increased their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Stifel Nicolaus lowered their price objective on shares of Alimentation Couche-Tard from C$110.00 to C$108.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. Finally, Scotia dropped their target price on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a "sector outperform" rating on the stock in a report on Wednesday, August 19th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard has an average rating of "Moderate Buy" and a consensus price target of C$99.73.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock traded down C$0.20 on Thursday, hitting C$82.05. 715,028 shares of the stock traded hands, 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 PE ratio of 24.35, a PEG 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 company's fifty day moving average is C$89.78 and its 200 day moving average is C$83.72.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last released 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 company had revenue of C$30.43 billion for the quarter. On average, equities research analysts predict that Alimentation Couche-Tard will post 4.0410959 earnings per share 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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