Alimentation Couche-Tard (TSE:ATD) Sets New 1-Year Low After Analyst Downgrade

Alimentation Couche-Tard Inc. (TSE:ATD) shares hit a new 52-week low on Monday after JPMorgan Chase & Co. lowered their price target on the stock from C$89.00 to C$86.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Alimentation Couche-Tard traded as low as C$67.50 and last traded at C$68.62, with a volume of 90645 shares traded. The stock had previously closed at C$67.77.

ATD has been the subject of several other reports. UBS Group lowered their target price on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research note on Monday. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Securities lowered their target price on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Scotiabank lowered their target price on shares of 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. Finally, Canaccord Genuity Group lowered their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$87.23.

Alimentation Couche-Tard Price Performance

The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a market cap of C$44.21 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company’s fifty day moving average is C$73.37 and its two-hundred day moving average is C$75.73.

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.