Alimentation Couche-Tard (TSE:ATD) Price Target Increased to C$89.00 by Analysts at CIBC

Alimentation Couche-Tard (TSE:ATDFree Report) had its target price increased by CIBC from C$88.00 to C$89.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating on the stock in a research note on Thursday. Stifel Nicolaus cut their price target on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set a buy rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an overweight rating on the stock in a report on Friday, March 22nd. Scotiabank lowered their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set an outperform rating on the stock in a report on Friday, March 22nd. Finally, Desjardins lowered their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 and set a buy rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$86.62.

Check Out Our Latest Stock Report on Alimentation Couche-Tard

Alimentation Couche-Tard Stock Performance

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

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, July 5th. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. Alimentation Couche-Tard’s payout ratio is 16.99%.

Alimentation Couche-Tard Company Profile

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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.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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