Alimentation Couche-Tard (TSE:ATD) Reaches New 12-Month Low – Here’s Why

Alimentation Couche-Tard Inc. (TSE:ATD)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$69.27 and last traded at C$69.43, with a volume of 938560 shares traded. The stock had previously closed at C$71.45.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ATD shares. National Bankshares boosted their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Canaccord Genuity Group reduced 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. BMO Capital Markets dropped their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. UBS Group set a C$97.00 target price on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. Finally, CIBC dropped their price target on Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$87.54.

Alimentation Couche-Tard Price Performance

The company has a market cap of C$46.24 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.35 and a beta of 0.89. The company’s 50-day moving average price is C$74.57 and its two-hundred day moving average price is C$76.16. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

About Alimentation Couche-Tard

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.