Alimentation Couche-Tard (TSE:ATD) Given New C$85.00 Price Target at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by Canaccord Genuity Group from C$87.00 to C$85.00 in a report released on Thursday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

ATD has been the subject of several other research reports. Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 and set a buy rating for the company in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set a buy rating for the company in a research report on Thursday. National Bankshares increased their target price on shares of Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the company a sector perform rating in a research report on Friday, June 14th. TD Securities reduced their target price on shares of Alimentation Couche-Tard from C$94.00 to C$90.00 and set a buy rating for the company in a research report on Friday, March 22nd. Finally, National Bank Financial downgraded shares of Alimentation Couche-Tard from an outperform overweight rating to a sector perform overweight rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$80.08.

Alimentation Couche-Tard Trading Up 0.5 %

TSE:ATD opened at C$77.50 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. The firm has a market cap of C$74.54 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85. Alimentation Couche-Tard has a 52 week low of C$64.82 and a 52 week high of C$87.27. The firm has a 50-day moving average price of C$77.36 and a two-hundred day moving average price of C$78.74.

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, July 5th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 16.99%.

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.