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

Alimentation Couche-Tard (TSE:ATD) had its price target reduced by research analysts at Desjardins from C$87.00 to C$84.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price would indicate a potential upside of 15.73% from the company’s previous close.

Other analysts also recently issued reports about the company. Scotiabank set a C$91.00 price objective on Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Friday, December 20th. CIBC upped their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. National Bankshares raised their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. UBS Group set a C$97.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets cut their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$88.58.

Alimentation Couche-Tard Trading Up 0.1 %

Shares of ATD opened at C$72.58 on Tuesday. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1-year low of C$71.31 and a 1-year high of C$87.27. The stock has a market cap of C$68.81 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The firm has a 50 day simple moving average of C$78.02 and a 200-day simple moving average of C$77.52.

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.