Alimentation Couche-Tard (TSE:ATD) Reaches New 12-Month Low – Should You Sell?

Alimentation Couche-Tard Inc. (TSE:ATD) shares hit a new 52-week low during 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

Several equities analysts have recently issued reports on ATD shares. CIBC decreased their price objective on Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. National Bankshares boosted their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Desjardins decreased their price objective on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Scotiabank decreased their price objective on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$87.54.

Alimentation Couche-Tard Trading Down 2.1 %

The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a 50 day simple moving average of C$73.95 and a 200 day simple moving average of C$75.98. The company has a market capitalization of C$45.28 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

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.