TD Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$103.00

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by investment analysts at TD from C$110.00 to C$103.00 in a report issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 25.53% from the company’s current price.

A number of other analysts also recently weighed in on the company. Scotia decreased their price target on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a report on Wednesday, August 19th. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Desjardins upped their target price on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. 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. Finally, Stifel Nicolaus decreased their target price on Alimentation Couche-Tard from C$110.00 to C$108.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$99.73.

Alimentation Couche-Tard Trading Down 0.2%

Shares of TSE ATD traded down C$0.20 during midday trading on Thursday, reaching C$82.05. The stock had a trading volume of 715,028 shares, compared to its average volume of 1,483,126. The company’s 50 day moving average price is C$89.78 and its 200 day moving average price is C$83.72. The company has a debt-to-equity ratio of 92.19, a quick ratio of 0.88 and a current ratio of 1.26. Alimentation Couche-Tard has a twelve month low of C$68.30 and a twelve month high of C$95.15. The firm 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.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The company had revenue of C$30.43 billion during the quarter. As a group, sell-side analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

About Alimentation Couche-Tard

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.