Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$84.00 at JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by analysts at JPMorgan Chase & Co. from C$88.00 to C$84.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.41% from the company’s previous close.

A number of other research analysts have also issued reports on ATD. BMO Capital Markets cut their price target on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note on Thursday, March 20th. Stifel Nicolaus dropped 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 report on Thursday, May 22nd. TD Securities dropped their price objective on shares of 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. Scotiabank dropped their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$80.00 and set an “outperform” rating on the stock in a report on Wednesday, May 28th. Finally, Canaccord Genuity Group dropped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Ten analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$84.58.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock traded up C$2.30 during mid-day trading on Tuesday, reaching C$74.07. 576,381 shares of the company traded hands, compared to its average volume of 1,283,637. 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 has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53. The company has a market capitalization of C$49.21 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The firm’s fifty day moving average is C$70.77 and its two-hundred day moving average is C$73.81.

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.