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

Alimentation Couche-Tard (TSE:ATD) had its price target cut by CIBC from C$87.00 to C$85.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. BMO Capital Markets cut their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. Canaccord Genuity Group decreased their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. National Bankshares increased their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Finally, Scotiabank decreased their price objective on 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. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$86.33.

Alimentation Couche-Tard Stock Down 0.4 %

ATD stock opened at C$70.37 on Thursday. The company’s 50 day moving average price is C$72.96 and its 200 day moving average price is C$75.60. 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 has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53. The firm has a market capitalization of C$46.75 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.35 and a beta of 0.89.

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.