Alimentation Couche-Tard (TSE:ATD) PT Lowered to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its price objective cut by Stifel Nicolaus from C$89.00 to C$86.00 in a report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on ATD. CIBC boosted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an outperform rating in a research note on Friday, March 22nd. TD Securities lowered their price target on shares of Alimentation Couche-Tard from C$94.00 to C$90.00 and set a buy rating on the stock in a research report on Friday, March 22nd. JPMorgan Chase & Co. lowered their price target on shares of Alimentation Couche-Tard from C$80.00 to C$79.00 in a research report on Wednesday, March 13th. BMO Capital Markets lowered their price target on shares of Alimentation Couche-Tard from C$91.00 to C$89.00 and set an outperform rating on the stock in a research report on Friday, March 22nd. Finally, National Bank Financial lowered shares of Alimentation Couche-Tard from an outperform overweight rating to a sector perform overweight rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$86.62.

Alimentation Couche-Tard Stock Down 0.9 %

ATD opened at C$76.77 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 111.10. The stock has a market cap of C$73.84 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.35 and a beta of 0.85. Alimentation Couche-Tard has a twelve month low of C$64.82 and a twelve month high of C$87.27. The company’s 50-day moving average price is C$77.41 and its two-hundred day moving average price is C$78.76.

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.91%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 16.99%.

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.