Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$85.00 at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by Desjardins from C$86.00 to C$85.00 in a research note published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Alimentation Couche-Tard from C$80.00 to C$79.00 in a research report on Wednesday, March 13th. Canaccord Genuity Group lowered their price target on Alimentation Couche-Tard from C$94.00 to C$89.00 and set a buy rating on the stock in a report on Friday, March 22nd. National Bankshares boosted their price target on Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the stock a sector perform rating in a report on Friday, June 14th. BMO Capital Markets lowered their price target on Alimentation Couche-Tard from C$91.00 to C$89.00 and set an outperform rating on the stock in a report on Friday, March 22nd. Finally, Scotiabank lowered their price target on 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$80.08.

Alimentation Couche-Tard Stock Up 0.5 %

ATD stock opened at C$77.50 on Thursday. Alimentation Couche-Tard has a twelve month low of C$64.82 and a twelve month high of C$87.27. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 111.10. The stock has a market cap of C$74.54 billion, a P/E ratio of 18.81, a PEG ratio of 1.35 and a beta of 0.85. The business’s 50-day moving average price is C$77.36 and its 200-day moving average price is C$78.74.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, July 5th. Alimentation Couche-Tard’s dividend payout ratio is currently 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.