Alimentation Couche-Tard (TSE:ATD) Sets New 52-Week Low Following Analyst Downgrade

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) reached a new 52-week low during trading on Tuesday after Scotiabank lowered their price target on the stock from C$91.00 to C$85.00. Scotiabank currently has an outperform rating on the stock. Alimentation Couche-Tard traded as low as C$69.84 and last traded at C$70.13, with a volume of 96949 shares changing hands. The stock had previously closed at C$70.81.

A number of other equities analysts also recently commented on the stock. National Bankshares boosted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. TD Securities reduced 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 report on Tuesday, February 18th. UBS Group set a C$97.00 price objective on Alimentation Couche-Tard and gave the stock a "buy" rating in a research note on Friday, December 13th. 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, Desjardins decreased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$87.54.

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Alimentation Couche-Tard Price Performance

The stock has a 50 day moving average of C$74.72 and a 200-day moving average of C$76.23. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market cap of C$47.47 billion, a PE ratio of 18.64, a price-to-earnings-growth 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.