Alimentation Couche-Tard Inc. (TSE:ATD) Receives Average Recommendation of "Moderate Buy" from Analysts

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$87.54.

Several analysts have weighed in on ATD shares. Canaccord Genuity Group lowered their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. BMO Capital Markets lowered their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. TD Securities reduced 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. CIBC lowered their price objective 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 report on Tuesday, February 25th. 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 research note on Tuesday, February 11th.

Alimentation Couche-Tard Stock Down 1.6 %

Shares of Alimentation Couche-Tard stock traded down C$1.11 during trading hours on Monday, hitting C$68.51. The company had a trading volume of 1,135,521 shares, compared to its average volume of 1,244,103. The company's 50-day moving average is C$74.17 and its two-hundred day moving average is C$76.04. Alimentation Couche-Tard has a twelve month low of C$67.94 and a twelve month high of C$85.53. 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 company has a market cap of C$45.52 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

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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.