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

Alimentation Couche-Tard (TSE:ATD) had its price target dropped by Stifel Nicolaus from C$88.00 to C$86.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 22.21% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Desjardins reduced their price objective on shares of 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. JPMorgan Chase & Co. reduced their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating on the stock in a research note on Tuesday. CIBC reduced their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. Finally, Scotiabank cut their price target on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Thursday. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$86.31.

Alimentation Couche-Tard Stock Down 0.4 %

Alimentation Couche-Tard stock opened at C$70.37 on Thursday. The company’s 50 day simple moving average is C$72.96 and its 200 day simple moving average is C$75.61. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53. The firm has a market capitalization of C$46.75 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88.

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.