Raymond James Financial Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price target reduced by investment analysts at Raymond James Financial from C$105.00 to C$100.00 in a research report issued on Thursday, BayStreet reports. Raymond James Financial’s price objective would suggest a potential upside of 21.88% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Canadian Imperial Bank of Commerce increased their price target on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. National Bank Financial upped their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. BMO Capital Markets decreased their target price on shares of Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating for the company in a report on Thursday. UBS Group raised their target price on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Finally, Desjardins lifted their target price on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus price target of C$99.73.

Alimentation Couche-Tard Price Performance

Shares of ATD traded down C$0.20 during trading hours on Thursday, hitting C$82.05. 715,028 shares of the company were exchanged, compared to its average volume of 1,483,126. The company has a market capitalization of C$75.32 billion, a PE ratio of 24.35, a PEG ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The firm has a fifty day simple moving average of C$89.78 and a 200-day simple moving average of C$83.72. Alimentation Couche-Tard has a one year low of C$68.30 and a one year high of C$95.15.

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

Alimentation Couche-Tard Company Profile

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.