CIBC Trims Alimentation Couche-Tard (TSE:ATD) Target Price to C$73.00

Alimentation Couche-Tard (TSE:ATDGet Rating) had its price target reduced by research analysts at CIBC from C$75.00 to C$73.00 in a research note issued to investors on Thursday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 23.19% from the stock’s previous close.

Several other analysts have also commented on ATD. Stifel Nicolaus increased their price objective on Alimentation Couche-Tard from C$65.00 to C$70.00 in a report on Monday, November 14th. BMO Capital Markets increased their price objective on Alimentation Couche-Tard from C$65.00 to C$70.00 in a report on Thursday, August 18th. JPMorgan Chase & Co. reduced their target price on Alimentation Couche-Tard from C$55.00 to C$54.00 in a research note on Tuesday. TD Securities raised their target price on Alimentation Couche-Tard from C$67.00 to C$69.00 and gave the stock a “buy” rating in a research note on Thursday, September 1st. Finally, Scotiabank raised their target price on Alimentation Couche-Tard from C$66.00 to C$68.50 in a research note on Wednesday, November 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Buy” and a consensus target price of C$67.96.

Alimentation Couche-Tard Stock Down 1.4 %

TSE ATD traded down C$0.84 during midday trading on Thursday, hitting C$59.26. 265,628 shares of the company traded hands, compared to its average volume of 1,643,804. Alimentation Couche-Tard has a 52 week low of C$45.23 and a 52 week high of C$63.48. The company’s 50-day simple moving average is C$59.00 and its 200-day simple moving average is C$57.02. The company has a debt-to-equity ratio of 75.37, a current ratio of 1.26 and a quick ratio of 0.81. The company has a market cap of C$60.57 billion and a PE ratio of 16.80.

Alimentation Couche-Tard (TSE:ATDGet Rating) last issued its quarterly earnings data on Tuesday, August 30th. The company reported C$1.09 EPS for the quarter, beating the consensus estimate of C$0.91 by C$0.18. The business had revenue of C$24.01 billion for the quarter, compared to analysts’ expectations of C$22.07 billion. As a group, equities research analysts forecast that Alimentation Couche-Tard will post 3.8399997 earnings per share for the current year.

Alimentation Couche-Tard Company Profile

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Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

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