Alimentation Couche-Tard (TSE:ATD) Reaches New 12-Month Low After Analyst Downgrade

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) hit a new 52-week low during mid-day trading on Monday after BMO Capital Markets lowered their price target on the stock from C$85.00 to C$82.00. The stock traded as low as C$67.50 and last traded at C$68.62, with a volume of 90645 shares trading hands. The stock had previously closed at C$67.77.

Other equities research analysts have also issued reports about the stock. National Bank Financial upgraded shares of Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Scotiabank lowered their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 and set an "outperform" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an "overweight" rating on the stock in a research note on Tuesday. Desjardins lowered their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, TD Securities lowered their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$86.31.

Remove Ads

Alimentation Couche-Tard Stock Performance

The stock's 50-day simple moving average is C$72.96 and its 200-day simple moving average is C$75.61. The stock has a market cap of C$46.75 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

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.