Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$84.00 at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by Canaccord Genuity Group from C$85.00 to C$84.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Friday, December 20th. National Bankshares boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. CIBC cut 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 note on Tuesday. TD Securities decreased their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, UBS Group set a C$97.00 price objective on Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.00.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$70.63 on Thursday. Alimentation Couche-Tard has a 1 year low of C$69.86 and a 1 year high of C$86.30. The firm has a market capitalization of C$46.93 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The business’s 50-day moving average is C$75.76 and its two-hundred day moving average is C$76.70.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, December 4th. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s dividend payout ratio is 18.26%.

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.