Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$89.00 by Analysts at Canadian Imperial Bank of Commerce

Alimentation Couche-Tard (TSE:ATD) had its price objective lowered by analysts at Canadian Imperial Bank of Commerce from C$92.00 to C$89.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 16.80% from the stock’s current price.

ATD has been the subject of a number of other research reports. TD Securities upped their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. National Bank Financial lifted their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Scotiabank boosted their price target on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Desjardins increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Raymond James Financial raised their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$91.50.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD traded down C$2.49 during trading on Thursday, reaching C$76.20. The company had a trading volume of 843,124 shares, compared to its average volume of 1,609,025. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$85.59. The company has a debt-to-equity ratio of 101.56, a current ratio of 0.95 and a quick ratio of 0.88. The stock’s fifty day moving average price is C$79.17 and its 200 day moving average price is C$75.15. The firm has a market capitalization of C$70.54 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 17.36% and a net margin of 3.60%.The firm had revenue of C$29.74 billion during the quarter. As a group, equities research analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS 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.