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

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price hit a new 52-week low during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from C$89.00 to C$86.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Alimentation Couche-Tard traded as low as C$67.50 and last traded at C$68.62, with a volume of 90645 shares. The stock had previously closed at C$67.77.

A number of other research analysts have also recently issued reports on ATD. Scotiabank decreased their target price on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. National Bankshares boosted their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. UBS Group cut their price target on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. Finally, Canaccord Genuity Group boosted their price target on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and an average target price of C$87.23.

Alimentation Couche-Tard Stock Performance

The company has a market cap of C$44.21 billion, a PE ratio of 17.36, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The business has a 50-day moving average of C$73.37 and a 200 day moving average of C$75.73.

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.