Alimentation Couche-Tard (TSE:ATD) Given New C$87.00 Price Target at CIBC

Alimentation Couche-Tard (TSE:ATD) had its price objective lowered by investment analysts at CIBC from C$89.00 to C$87.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 20.00% from the stock’s current price.

A number of other brokerages have also recently weighed in on ATD. BMO Capital Markets dropped their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Scotiabank set a C$91.00 target price on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Friday, December 20th. National Bankshares lifted 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. Finally, Desjardins decreased their price target on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$88.33.

Alimentation Couche-Tard Price Performance

Shares of ATD traded up C$1.33 during trading hours on Tuesday, hitting C$72.50. 486,711 shares of the stock were exchanged, compared to its average volume of 1,134,564. Alimentation Couche-Tard has a 12-month low of C$69.86 and a 12-month high of C$87.27. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market cap of C$48.17 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The stock’s 50-day moving average price is C$76.29 and its two-hundred day moving average price is C$76.86.

Alimentation Couche-Tard Company Profile

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.