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

Alimentation Couche-Tard (TSE:ATD) had its price objective reduced by stock analysts at Scotia from C$107.00 to C$104.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price target would indicate a potential upside of 17.69% from the stock’s previous close.

Several other brokerages have also weighed in on ATD. Canadian Imperial Bank of Commerce upped their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. UBS Group boosted their price target on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada increased their price objective on Alimentation Couche-Tard from C$106.00 to C$111.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. BMO Capital Markets raised their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research report on Wednesday, June 24th. Finally, Desjardins lifted their target price on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$101.00.

Alimentation Couche-Tard Stock Down 1.7%

Shares of Alimentation Couche-Tard stock traded down C$1.56 on Wednesday, hitting C$88.37. 395,483 shares of the company traded hands, compared to its average volume of 1,467,854. The company has a 50-day moving average price of C$89.86 and a 200 day moving average price of C$83.16. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 101.65. Alimentation Couche-Tard has a 12-month low of C$68.30 and a 12-month high of C$95.15. The company has a market cap of C$81.12 billion, a PE ratio of 26.22, a PEG ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. Sell-side analysts predict that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Company Profile

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.