Alimentation Couche-Tard (TSE:ATD - Free Report) had its target price decreased by JPMorgan Chase & Co. from C$88.00 to C$84.00 in a research report report published on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co. currently has an outperform rating on the stock.
Several other research firms have also commented on ATD. TD Securities dropped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$82.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Canaccord Genuity Group dropped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. BMO Capital Markets dropped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note on Thursday, March 20th. Desjardins dropped their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, CIBC decreased their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a research report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$84.58.
Read Our Latest Report on ATD
Alimentation Couche-Tard Price Performance
Shares of ATD stock traded up C$1.02 on Tuesday, reaching C$73.69. The company's stock had a trading volume of 1,080,600 shares, compared to its average volume of 1,287,573. The stock's fifty day simple moving average is C$70.85 and its 200-day simple moving average is C$73.77. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$85.53. 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 company has a market capitalization of C$48.96 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.
Alimentation Couche-Tard Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a $0.195 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.78 annualized dividend and a dividend yield of 1.06%. Alimentation Couche-Tard's payout ratio is currently 18.26%.
About Alimentation Couche-Tard
(
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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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