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

Key Points

• Stifel Nicolaus lowered its price target for Alimentation Couche-Tard from C$110 to C$108 but maintained a “buy” rating, implying roughly 26% upside from the prior close.
• Analyst sentiment remains positive: 11 analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of C$101.40.
• Shares fell 2.6% to C$85.72, while the company reported quarterly EPS of C$1.00, a 4.11% net margin and a 20.01% return on equity.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price target decreased by Stifel Nicolaus from C$110.00 to C$108.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 25.99% from the stock's previous close.

Several other analysts also recently weighed in on the stock. UBS Group lifted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Raymond James Financial raised their price target on Alimentation Couche-Tard from C$90.00 to C$105.00 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 research note on Wednesday. National Bank Financial boosted their price objective on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an "outperform" rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada boosted their price objective on Alimentation Couche-Tard from C$106.00 to C$111.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$101.40.

Alimentation Couche-Tard Trading Down 2.6%

TSE ATD traded down C$2.26 during trading hours on Thursday, reaching C$85.72. The company had a trading volume of 803,719 shares, compared to its average volume of 1,468,921. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65. The stock has a market capitalization of C$78.69 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The stock has a 50-day moving average of C$89.95 and a 200 day moving average of C$83.28. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last released its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. As a group, research analysts anticipate 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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