JPMorgan Chase & Co. Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$86.00

Alimentation Couche-Tard (TSE:ATD - Free Report) had its target price decreased by JPMorgan Chase & Co. from C$89.00 to C$86.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets decreased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. TD Securities decreased their price target 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. Canaccord Genuity Group boosted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Scotiabank reduced their target price on shares of 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. Finally, National Bankshares boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of "Buy" and a consensus target price of C$86.31.

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Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock traded down C$0.28 during midday trading on Tuesday, hitting C$70.37. 2,758,042 shares of the company traded hands, compared to its average volume of 1,340,648. The stock has a market cap of C$46.75 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.35 and a beta of 0.89. 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 firm's fifty day moving average price is C$72.96 and its 200-day moving average price is C$75.61. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53.

Alimentation Couche-Tard Company Profile

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.