JPMorgan Chase & Co. Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price dropped by equities researchers at JPMorgan Chase & Co. from C$88.00 to C$84.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 13.41% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. National Bankshares dropped their price target on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus dropped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. UBS Group dropped their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Canaccord Genuity Group dropped their price target on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Desjardins dropped their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$84.58.

Alimentation Couche-Tard Trading Up 3.2%

Alimentation Couche-Tard stock traded up C$2.30 during midday trading on Tuesday, hitting C$74.07. 576,381 shares of the stock were exchanged, compared to its average volume of 1,283,637. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53. The stock has a market capitalization of C$49.21 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.35 and a beta of 0.89. The stock’s 50-day simple moving average is C$70.77 and its 200 day simple moving average is C$73.81. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

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.