Royal Bank Of Canada Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Key Points

• Royal Bank of Canada has decreased its target price for Alimentation Couche-Tard from C$94.00 to C$91.00, while maintaining an "outperform" rating.
• Other analysts have mixed views, with TD Securities increasing their target price to C$85.00 and others lowering theirs to as low as C$78.00 but still holding "buy" ratings.
• Alimentation Couche-Tard's current market cap stands at C$70.12 billion, and its shares experienced a midday trading increase to C$73.96.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its target price lowered by research analysts at Royal Bank Of Canada from C$94.00 to C$91.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 23.04% from the stock's current price.

Other equities analysts have also issued reports about the company. TD Securities upped their target price on Alimentation Couche-Tard from C$82.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Canaccord Genuity Group decreased their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a research report on Friday, June 20th. Stifel Nicolaus dropped their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Scotiabank cut their price target on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating for the company in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of "Buy" and an average price target of C$83.69.

Alimentation Couche-Tard Price Performance

Shares of ATD traded up C$4.72 during mid-day trading on Wednesday, reaching C$73.96. 1,903,801 shares of the stock traded hands, compared to its average volume of 1,389,409. The company has a market cap of C$70.12 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.39. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$83.73. The firm has a fifty day moving average price of C$70.53 and a 200 day moving average price of C$70.75. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

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.

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