Alimentation Couche-Tard (TSE:ATD) Sets New 1-Year Low Following Analyst Downgrade

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price hit a new 52-week low on Wednesday after TD Securities lowered their price target on the stock from C$90.00 to C$89.00. TD Securities currently has a buy rating on the stock. Alimentation Couche-Tard traded as low as C$71.25 and last traded at C$71.49, with a volume of 67334 shares changing hands. The stock had previously closed at C$72.01.

Other analysts have also issued research reports about the stock. National Bankshares lifted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Canaccord Genuity Group boosted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Friday, December 20th. CIBC boosted their price objective on Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Finally, BMO Capital Markets reduced their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and a consensus price target of C$88.50.

Alimentation Couche-Tard Trading Down 0.6 %

The firm’s fifty day moving average price is C$76.87 and its 200-day moving average price is C$77.06. The company has a market cap of C$47.57 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88.

Alimentation Couche-Tard Increases Dividend

The company 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 a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.78 annualized dividend and a yield of 1.09%. Alimentation Couche-Tard’s dividend payout ratio is 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.