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

Alimentation Couche-Tard (TSE:ATD) had its price objective decreased by stock analysts at CIBC from C$87.00 to C$85.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 20.79% from the company’s current price.

Several other research firms also recently weighed in on ATD. JPMorgan Chase & Co. reduced their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research note on Tuesday. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. UBS Group reduced their target price on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research note on Monday, March 17th. BMO Capital Markets reduced their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. Finally, Canaccord Genuity Group lifted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$86.31.

Alimentation Couche-Tard Stock Performance

TSE ATD opened at C$70.37 on Thursday. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. The company has a 50-day simple moving average of C$72.96 and a 200 day simple moving average of C$75.61. 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 capitalization of C$46.75 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

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.