Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$103.00 at TD

Alimentation Couche-Tard (TSE:ATD) had its price target lowered by equities research analysts at TD from C$110.00 to C$103.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 25.53% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group lifted their price target on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. UBS Group increased their price objective on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. Stifel Nicolaus dropped their target price on Alimentation Couche-Tard from C$110.00 to C$108.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. BMO Capital Markets cut their target price on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Desjardins upped their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and an average price target of C$99.73.

Alimentation Couche-Tard Stock Down 0.2%

ATD stock traded down C$0.20 during midday trading on Thursday, reaching C$82.05. 715,028 shares of the company’s stock traded hands, compared to its average volume of 1,483,126. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 92.19. The firm’s fifty day moving average price is C$89.78 and its 200-day moving average price is C$83.72. Alimentation Couche-Tard has a 52 week low of C$68.30 and a 52 week high of C$95.15. The company has a market cap of C$75.32 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The firm had revenue of C$30.43 billion for the quarter. As a group, sell-side analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.