CIBC Trims Alimentation Couche-Tard (TSE:ATD) Target Price to C$73.00

Alimentation Couche-Tard (TSE:ATDGet Rating) had its price target lowered by research analysts at CIBC from C$75.00 to C$73.00 in a report released on Thursday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 23.19% from the stock’s previous close.

Several other equities analysts also recently commented on ATD. BMO Capital Markets boosted their price target on shares of Alimentation Couche-Tard from C$65.00 to C$70.00 in a research note on Thursday, August 18th. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, August 31st. National Bankshares boosted their price target on shares of Alimentation Couche-Tard from C$68.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James boosted their price target on shares of Alimentation Couche-Tard from C$60.00 to C$65.00 in a research note on Thursday, September 1st. Finally, Stifel Nicolaus boosted their price target on shares of Alimentation Couche-Tard from C$65.00 to C$70.00 in a research note on Monday, November 14th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alimentation Couche-Tard has an average rating of “Buy” and a consensus price target of C$67.96.

Alimentation Couche-Tard Trading Down 1.4 %

TSE ATD traded down C$0.84 on Thursday, reaching C$59.26. The stock had a trading volume of 265,628 shares, compared to its average volume of 1,643,804. The firm has a market capitalization of C$60.57 billion and a price-to-earnings ratio of 16.80. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 75.37. Alimentation Couche-Tard has a 12-month low of C$45.23 and a 12-month high of C$63.48. The stock has a fifty day moving average price of C$59.00 and a two-hundred day moving average price of C$57.02.

Alimentation Couche-Tard (TSE:ATDGet Rating) last announced its earnings results on Tuesday, August 30th. The company reported C$1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.91 by C$0.18. The firm had revenue of C$24.01 billion during the quarter, compared to analysts’ expectations of C$22.07 billion. As a group, sell-side analysts forecast that Alimentation Couche-Tard will post 3.8399997 EPS for the current fiscal year.

Alimentation Couche-Tard Company Profile

(Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

Recommended Stories

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

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.