JPMorgan Chase & Co. Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from C$89.00 to C$86.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.57% from the company’s previous close.

Several other analysts also recently issued reports on ATD. CIBC cut their price target on Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Scotiabank cut their price target on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. TD Securities cut their price target on 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. Finally, Desjardins cut their price target on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$87.23.

Alimentation Couche-Tard Trading Up 6.3 %

TSE:ATD opened at C$70.74 on Tuesday. The company has a market cap of C$47.00 billion, a PE ratio of 18.45, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$85.53. 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 business’s 50 day moving average is C$73.23 and its two-hundred day moving average is C$75.68.

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.