Stifel Nicolaus Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its target price reduced by analysts at Stifel Nicolaus from C$84.00 to C$81.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 19.29% from the stock's previous close.

A number of other brokerages have also commented on ATD. National Bankshares decreased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Veritas upgraded shares of Alimentation Couche-Tard to a "strong-buy" rating in a research report on Thursday, March 20th. Jefferies Financial Group lowered their price target 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. TD Securities reduced their price objective on Alimentation Couche-Tard from C$89.00 to C$82.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, BMO Capital Markets decreased their price objective on Alimentation Couche-Tard from C$85.00 to C$82.00 in a research report on Thursday, March 20th. Eleven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$83.69.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock traded down C$1.00 on Friday, reaching C$67.90. The company's stock had a trading volume of 1,421,770 shares, compared to its average volume of 1,299,434. The business's fifty day moving average price is C$71.17 and its 200 day moving average price is C$73.04. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market cap of C$45.11 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53.

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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