JPMorgan Chase & Co. Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its target price trimmed by JPMorgan Chase & Co. from C$89.00 to C$86.00 in a research note published on Tuesday morning,BayStreet.CA reports. The firm currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. TD Securities decreased their price objective on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Desjardins cut their target price on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. National Bankshares increased their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. UBS Group dropped their price objective on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research note on Monday. Finally, CIBC reduced their target price on shares of Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.23.

Alimentation Couche-Tard Stock Down 2.1 %

Shares of TSE ATD opened at C$66.54 on Tuesday. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$85.53. The stock has a market capitalization of C$44.21 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a 50-day moving average price of C$73.37 and a 200-day moving average price of C$75.73.

Alimentation Couche-Tard Company Profile

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.