BMO Capital Markets Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price target decreased by BMO Capital Markets from C$87.00 to C$85.00 in a report issued on Monday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on ATD. Desjardins raised their price target on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday, November 27th. National Bankshares lifted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. CIBC lifted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and an average price target of C$88.58.

Alimentation Couche-Tard Stock Performance

ATD opened at C$72.58 on Monday. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. The firm has a market capitalization of C$68.81 billion, a PE ratio of 18.75, a P/E/G ratio of 1.35 and a beta of 0.89. The firm has a 50 day moving average of C$78.02 and a two-hundred day moving average of C$77.52.

Alimentation Couche-Tard Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 1.07%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 18.09%.

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.