CIBC Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$87.00

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by CIBC from C$89.00 to C$87.00 in a research report released on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the company. National Bankshares lifted their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Desjardins lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. TD Securities dropped their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Scotiabank set a C$91.00 price target on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$88.00.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$70.63 on Tuesday. 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 stock has a fifty day moving average of C$75.76 and a two-hundred day moving average of C$76.70. The company has a market capitalization of C$46.93 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a fifty-two week low of C$69.86 and a fifty-two week high of C$86.30.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were issued 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 dividend yield of 1.10%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s dividend payout ratio is presently 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.