Alimentation Couche-Tard (TSE:ATD) Hits New 1-Year Low – Should You Sell?

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) reached a new 52-week low on Monday . The stock traded as low as C$67.50 and last traded at C$68.62, with a volume of 90645 shares. The stock had previously closed at C$67.77.

Analyst Upgrades and Downgrades

ATD has been the topic of several analyst reports. Desjardins cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Securities cut their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Scotiabank lowered their price target on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, BMO Capital Markets reduced their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus target price of C$87.54.

Alimentation Couche-Tard Stock Performance

The firm’s 50-day simple moving average is C$73.73 and its two-hundred day simple moving average is C$75.88. The stock has a market capitalization of C$45.15 billion, a PE ratio of 17.73, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

About Alimentation Couche-Tard

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.