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

Alimentation Couche-Tard (TSE:ATD) had its price target decreased by equities researchers at Scotia from C$104.00 to C$102.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s target price would suggest a potential upside of 24.31% from the stock’s current price.

Several other research firms have also commented on ATD. Stifel Nicolaus dropped their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets cut their price objective on shares of 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. National Bank Financial reduced their target price on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a research note on Thursday. TD lowered their target price on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating for the company in a report on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$99.73.

Alimentation Couche-Tard Trading Down 0.2%

Shares of TSE:ATD traded down C$0.20 during trading on Thursday, hitting C$82.05. The company had a trading volume of 715,028 shares, compared to its average volume of 1,483,126. The stock has a market cap of C$75.32 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The company has a fifty day simple moving average of C$89.78 and a two-hundred day simple moving average of C$83.72. Alimentation Couche-Tard has a one year low of C$68.30 and a one year high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%.The firm had revenue of C$30.43 billion for the quarter. As a group, equities analysts forecast 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.