Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$108.00 by Analysts at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by Stifel Nicolaus from C$110.00 to C$108.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 25.99% from the stock’s current price.

Several other brokerages have also recently weighed in on ATD. Scotia reduced their target price on shares of Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating on the stock in a report on Wednesday. TD boosted their price target on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. UBS Group increased their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Desjardins increased their price objective on shares of 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. Finally, Canaccord Genuity Group raised their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$101.40.

Alimentation Couche-Tard Stock Down 2.6%

TSE ATD traded down C$2.26 during trading hours on Thursday, hitting C$85.72. 803,719 shares of the company were exchanged, compared to its average volume of 1,468,921. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 101.65. The firm has a market cap of C$78.69 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.35 and a beta of 0.67. The company has a 50 day moving average of C$89.95 and a two-hundred day moving average of C$83.28. Alimentation Couche-Tard has a 52-week low of C$68.30 and a 52-week high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. Equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share 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.