Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price cut by Canadian Imperial Bank of Commerce from C$92.00 to C$89.00 in a report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 16.80% from the stock’s previous close.

A number of other brokerages also recently issued reports on ATD. BMO Capital Markets upped their price target on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. Jefferies Financial Group raised their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a report on Thursday, February 12th. TD Securities upped their target price on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Desjardins increased their target price on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Scotiabank lifted their price target on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$91.50.

Alimentation Couche-Tard Stock Down 3.2%

TSE ATD traded down C$2.49 during trading on Thursday, reaching C$76.20. 843,124 shares of the company’s stock were exchanged, compared to its average volume of 1,609,025. The company has a 50 day moving average price of C$79.17 and a two-hundred day moving average price of C$75.15. The stock has a market cap of C$70.54 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a 1 year low of C$66.93 and a 1 year high of C$85.59. The company has a debt-to-equity ratio of 101.56, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 17.36% and a net margin of 3.60%.The business had revenue of C$29.74 billion for the quarter. On average, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.