JPMorgan Chase & Co. Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price cut by JPMorgan Chase & Co. from C$89.00 to C$86.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have an overweight rating on the stock.

ATD has been the subject of several other research reports. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Desjardins reduced their price target on shares of 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. BMO Capital Markets reduced their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. National Bankshares upped their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Finally, UBS Group reduced their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$86.31.

Alimentation Couche-Tard Stock Down 0.1 %

Shares of TSE ATD opened at C$70.65 on Tuesday. The stock has a market cap of C$46.94 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.35 and a beta of 0.89. The firm has a 50 day moving average price of C$73.08 and a 200 day moving average price of C$75.65. 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 52-week low of C$65.95 and a 52-week high of C$85.53.

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.