Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$83.00 at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its price target cut by analysts at Canaccord Genuity Group from C$85.00 to C$83.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 7.55% from the stock’s previous close.

Several other research firms have also weighed in on ATD. Desjardins cut their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a research note on Thursday. National Bankshares cut their price target on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday. CIBC decreased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday. Stifel Nicolaus increased their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday. Finally, Royal Bank of Canada decreased their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.50.

Alimentation Couche-Tard Trading Up 2.3 %

Shares of ATD traded up C$1.76 on Friday, reaching C$77.17. 854,111 shares of the company’s stock were exchanged, compared to its average volume of 1,436,193. The business has a 50 day moving average price of C$80.29 and a two-hundred day moving average price of C$79.23. Alimentation Couche-Tard has a 12 month low of C$68.93 and a 12 month high of C$87.27. The stock has a market capitalization of C$73.83 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 109.56.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Tuesday, June 25th. The company reported C$0.65 EPS for the quarter, missing the consensus estimate of C$0.67 by C($0.02). The business had revenue of C$23.88 billion for the quarter, compared to the consensus estimate of C$23.13 billion. Alimentation Couche-Tard had a net margin of 3.94% and a return on equity of 21.13%. Research analysts anticipate that Alimentation Couche-Tard will post 4.0130276 earnings per share for the current year.

About Alimentation Couche-Tard

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.