JPMorgan Chase & Co. Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from C$89.00 to C$86.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 29.13% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group cut their price objective on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Securities decreased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. CIBC dropped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Finally, Scotiabank reduced their target price on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$87.23.

Alimentation Couche-Tard Stock Down 2.0 %

ATD stock traded down C$1.39 on Tuesday, hitting C$66.60. 1,047,403 shares of the company’s stock were exchanged, compared to its average volume of 1,270,109. The firm has a 50 day moving average price of C$73.56 and a two-hundred day moving average price of C$75.81. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$85.53. The stock has a market cap of C$44.25 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.