Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report)'s stock price reached a new 52-week low during mid-day trading 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 traded. The stock had previously closed at C$72.01.
ATD has been the subject of several other research reports. CIBC boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th. UBS Group set a C$97.00 target price on shares of Alimentation Couche-Tard and gave the company a "buy" rating in a research note on Friday, December 13th. 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. Scotiabank set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the company an "outperform" rating in a research note on Friday, December 20th. Finally, National Bankshares boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of "Moderate Buy" and a consensus price target of C$88.50.
View Our Latest Report on ATD
Alimentation Couche-Tard Stock Performance
The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The firm has a market capitalization of C$46.68 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a 50-day moving average of C$76.47 and a 200-day moving average of C$76.94.
Alimentation Couche-Tard Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were given a dividend of $0.195 per share. This is a positive change from Alimentation Couche-Tard's previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, December 4th. Alimentation Couche-Tard's dividend payout ratio is currently 18.26%.
Alimentation Couche-Tard Company Profile
(
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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.
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