Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$86.00 at JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATD) had its price target lowered by JPMorgan Chase & Co. from C$89.00 to C$86.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. TD Securities reduced their target price on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Scotiabank decreased their target price on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group dropped their price target on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and an average target price of C$87.23.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$66.54 on Tuesday. The firm has a market capitalization of C$44.21 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.35 and a beta of 0.89. 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 business’s 50-day moving average price is C$73.37 and its 200-day moving average price is C$75.73. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53.

About Alimentation Couche-Tard

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.