Scotia Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective dropped by stock analysts at Scotia from C$104.00 to C$102.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price target would indicate a potential upside of 24.31% from the stock’s current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group lifted their price target on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Raymond James Financial decreased their price target on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday. UBS Group boosted their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. TD cut their target price on Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets reduced their target price on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating for the company in a research note on Thursday. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Moderate Buy” and a consensus price target of C$99.73.

Alimentation Couche-Tard Trading Down 0.2%

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

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