Alimentation Couche-Tard (TSE:ATD.B) Rating Increased to Buy at Desjardins

Alimentation Couche-Tard (TSE:ATD.B) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a C$88.00 price target on the stock, up from their previous price target of C$87.00. Desjardins’ target price points to a potential upside of 10.08% from the company’s previous close.

ATD.B has been the subject of several other reports. BMO Capital Markets cut shares of Alimentation Couche-Tard from an “outperform” rating to a “market perform” rating in a report on Thursday, July 18th. CIBC increased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$94.00 in a report on Thursday, July 11th. Canaccord Genuity increased their price target on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the stock a “buy” rating in a report on Thursday, July 4th. National Bank Financial increased their price target on shares of Alimentation Couche-Tard from C$86.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, TD Securities cut shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating and set a C$90.00 price target for the company. in a report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Alimentation Couche-Tard has a consensus rating of “Buy” and a consensus target price of C$85.67.

Shares of ATD.B traded down C$0.19 during mid-day trading on Friday, hitting C$79.94. 369,645 shares of the company’s stock were exchanged, compared to its average volume of 765,673. Alimentation Couche-Tard has a fifty-two week low of C$60.03 and a fifty-two week high of C$88.40. The firm has a market capitalization of $35.08 billion and a P/E ratio of 24.60. The business’s 50 day moving average is C$82.24 and its two-hundred day moving average is C$80.00. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 78.48.



Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

Read More: Why do corrections happen?

Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

Receive News & Ratings for Alimentation Couche-Tard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alimentation Couche-Tard and related companies with MarketBeat.com's FREE daily email newsletter.