Desjardins Upgrades Alimentation Couche-Tard (TSE:ATD.B) to Buy

Alimentation Couche-Tard (TSE:ATD.B) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a report issued on Friday, BayStreet.CA reports. The firm currently has a C$88.00 price objective on the stock, up from their previous price objective of C$87.00. Desjardins’ price target indicates a potential upside of 10.08% from the stock’s current price.

Several other analysts also recently commented on ATD.B. Canaccord Genuity boosted their target price on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the stock a “buy” rating in a research report on Thursday, July 4th. CIBC upped their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$94.00 in a report on Thursday, July 11th. TD Securities downgraded shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating and set a C$90.00 price objective for the company. in a report on Thursday, July 11th. National Bank Financial upped their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, BMO Capital Markets downgraded shares of Alimentation Couche-Tard from an “outperform” rating to a “market perform” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alimentation Couche-Tard has an average rating of “Buy” and an average price target of C$85.67.

ATD.B stock traded down C$0.19 during trading hours on Friday, hitting C$79.94. The company’s stock had a trading volume of 369,645 shares, compared to its average volume of 765,673. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 78.48. The company has a market capitalization of $35.08 billion and a PE ratio of 24.60. Alimentation Couche-Tard has a 12 month low of C$60.03 and a 12 month high of C$88.40. The stock has a 50 day moving average price of C$82.24 and a two-hundred day moving average price of C$80.00.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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