Desjardins Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective decreased by research analysts at Desjardins from C$82.00 to C$80.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 17.82% from the company's current price.

A number of other analysts also recently issued reports on the company. CIBC cut their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a research report on Thursday, March 20th. Veritas upgraded shares of Alimentation Couche-Tard to a "strong-buy" rating in a research report on Thursday, March 20th. Scotiabank decreased their price objective on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating on the stock in a report on Friday. Jefferies Financial Group dropped their target price on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set a "buy" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 10th. Eleven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alimentation Couche-Tard has a consensus rating of "Buy" and an average price target of C$83.69.

Alimentation Couche-Tard Trading Down 1.5%

ATD stock traded down C$1.00 during midday trading on Friday, hitting C$67.90. 1,421,770 shares of the company's stock were exchanged, compared to its average volume of 1,299,434. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$85.53. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The stock has a market capitalization of C$45.11 billion, a PE ratio of 17.71, a P/E/G ratio of 1.35 and a beta of 0.89. The business has a 50-day simple moving average of C$71.17 and a two-hundred day simple moving average of C$73.04.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.

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