TD Securities Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$89.00

Alimentation Couche-Tard (TSE:ATD) had its price objective lowered by TD Securities from C$90.00 to C$89.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

ATD has been the subject of a number of other reports. National Bankshares raised their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. BMO Capital Markets reduced their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Canaccord Genuity Group raised their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Moderate Buy” and an average price target of C$88.50.

Alimentation Couche-Tard Trading Down 0.5 %

Shares of TSE:ATD opened at C$72.01 on Tuesday. The stock has a market capitalization of C$47.84 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 1-year low of C$71.31 and a 1-year high of C$87.27. 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 moving average price of C$77.26 and a 200 day moving average price of C$77.21.

Alimentation Couche-Tard Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were given a $0.195 dividend. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 1.08%. Alimentation Couche-Tard’s dividend payout ratio is presently 18.26%.

About Alimentation Couche-Tard

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.