Desjardins Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price cut by Desjardins from C$84.00 to C$82.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets decreased their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. TD Securities decreased their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Canaccord Genuity Group decreased their price target on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Canaccord Genuity Group upped their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Finally, UBS Group reduced their price objective on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Buy” and an average price target of C$86.31.

Alimentation Couche-Tard Stock Down 0.1 %

ATD stock opened at C$70.65 on Thursday. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$85.53. The business has a fifty day moving average price of C$73.08 and a 200-day moving average price of C$75.65. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of C$46.94 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.35 and a beta of 0.89.

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.