Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$81.00 by Analysts at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD - Free Report) had its price target trimmed by Canaccord Genuity Group from C$84.00 to C$81.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

ATD has been the topic of several other reports. Stifel Nicolaus lowered their price target on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. UBS Group reduced their price objective on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Desjardins dropped their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Scotiabank cut their price target on Alimentation Couche-Tard from C$83.00 to C$80.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, BMO Capital Markets reduced their price target on Alimentation Couche-Tard from C$85.00 to C$82.00 in a report on Thursday, March 20th. Ten research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$84.33.

Alimentation Couche-Tard Stock Up 0.4%

Shares of ATD stock traded up C$0.26 during trading on Friday, hitting C$70.29. 958,229 shares of the company were exchanged, compared to its average volume of 1,288,317. The business's 50-day simple moving average is C$71.22 and its 200 day simple moving average is C$73.25. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53. The firm has a market capitalization of C$46.70 billion, a price-to-earnings ratio of 18.33, 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 quick ratio of 0.88 and a current ratio of 0.99.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 27th. Alimentation Couche-Tard's dividend payout ratio is 18.26%.

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.