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

Alimentation Couche-Tard (TSE:ATD) had its price objective reduced by investment analysts at Stifel Nicolaus from C$88.00 to C$86.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 22.21% from the stock’s current price.

ATD has been the topic of a number of other reports. National Bankshares lowered their target price on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC lowered their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a report on Thursday. TD Securities lowered their target price on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating on the stock in a report on Tuesday. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$86.31.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$70.37 on Thursday. The company’s fifty day simple moving average is C$72.96 and its 200-day simple moving average is C$75.61. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The firm has a market cap of C$46.75 billion, a PE ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53.

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.