Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$84.00 at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by Desjardins from C$87.00 to C$84.00 in a report issued on Tuesday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Several other equities analysts have also issued reports on the company. CIBC upped their price target on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th. Scotiabank set a C$91.00 price objective on Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Friday, December 20th. 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. UBS Group set a C$97.00 price target on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, National Bankshares increased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$88.58.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD opened at C$72.49 on Tuesday. The business has a fifty day moving average of C$78.23 and a 200-day moving average of C$77.59. The firm has a market cap of C$68.72 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27.

Alimentation Couche-Tard Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Wednesday, December 4th. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s payout ratio is 18.09%.

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.