Alimentation Couche-Tard (TSE:ATD.B) Cut to “Hold” at TD Securities
TD Securities cut shares of Alimentation Couche-Tard (TSE:ATD.B) from a buy rating to a hold rating in a research report released on Thursday, BayStreet.CA reports. They currently have C$90.00 price objective on the stock.
A number of other research analysts have also weighed in on the company. National Bank Financial lowered Theratechnologies from an outperform market weight rating to a sector perform market weight rating in a report on Thursday. BMO Capital Markets lifted their target price on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company an outperform rating in a report on Friday, March 22nd. Canaccord Genuity lifted their target price on Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the company a buy rating in a report on Thursday, July 4th. Royal Bank of Canada lifted their target price on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company an outperform rating in a report on Monday, April 15th. Finally, Raymond James set a $28.00 target price on Wheaton Precious Metals and gave the company a buy rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$85.56.
ATD.B stock opened at C$83.77 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 78.48. The stock has a market cap of $36.63 billion and a price-to-earnings ratio of 25.78. Alimentation Couche-Tard has a twelve month low of C$59.12 and a twelve month high of C$88.40. The firm’s 50-day moving average is C$84.36.
Alimentation Couche-Tard Company Profile
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
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