Stifel Nicolaus Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$102.00

Alimentation Couche-Tard (TSE:ATD) had its price objective cut by stock analysts at Stifel Nicolaus from C$108.00 to C$102.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 24.31% from the stock’s current price.

ATD has been the subject of several other reports. UBS Group upped their target price on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. Scotia decreased their price target on shares of Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 19th. BMO Capital Markets dropped their price target 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 research note on Thursday. Raymond James Financial dropped their price target on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday. Finally, Royal Bank Of Canada set a C$111.00 price target on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$99.73.

Alimentation Couche-Tard Trading Down 0.2%

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

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The company had revenue of C$30.43 billion during the quarter. On average, 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.