JPMorgan Chase & Co. Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its price target decreased by JPMorgan Chase & Co. from C$89.00 to C$86.00 in a research report released on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on ATD. National Bankshares lifted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Scotiabank cut their price target on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. CIBC cut their price target on shares of Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Finally, UBS Group cut their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Buy” and an average target price of C$86.31.

Alimentation Couche-Tard Price Performance

TSE:ATD opened at C$70.65 on Tuesday. The company has a 50-day moving average of C$73.08 and a 200-day moving average of C$75.65. The company has a market capitalization of C$46.94 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$85.53. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

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.