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

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by equities researchers at National Bankshares from C$88.00 to C$86.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 22.21% from the company’s current price.

Several other brokerages have also commented on ATD. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Desjardins decreased their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets decreased their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. Canaccord Genuity Group decreased their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group increased their target price on 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$86.31.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock 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 business’s fifty day simple moving average is C$72.96 and its 200-day simple moving average is C$75.61. The firm has a market cap 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. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

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.