Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$90.00 at BMO Capital Markets

Alimentation Couche-Tard (TSE:ATD) had its price objective dropped by equities researchers at BMO Capital Markets from C$95.00 to C$90.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 9.69% from the stock’s current price.

Several other analysts have also recently issued reports on ATD. Stifel Nicolaus lowered their target price on shares of Alimentation Couche-Tard from C$110.00 to C$108.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. TD upped their price target on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. UBS Group increased their price objective on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Canadian Imperial Bank of Commerce lifted their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Finally, Desjardins boosted their target price on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and a consensus target price of C$99.73.

Alimentation Couche-Tard Price Performance

Shares of ATD traded down C$0.20 during midday trading on Thursday, hitting C$82.05. 715,028 shares of the company traded hands, compared to its average volume of 1,483,126. The stock has a 50-day moving average of C$89.78 and a 200-day moving average of C$83.72. Alimentation Couche-Tard has a one year low of C$68.30 and a one year high of C$95.15. The firm has a market cap of C$75.32 billion, a P/E ratio of 24.35, a PEG ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. The firm had revenue of C$30.43 billion for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. As a group, sell-side analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal 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.