Alimentation Couche-Tard (TSE:ATD) Shares Up 0.3% on Analyst Upgrade

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report)'s share price was up 0.3% during trading on Thursday after TD Securities raised their price target on the stock from C$82.00 to C$85.00. TD Securities currently has a buy rating on the stock. Alimentation Couche-Tard traded as high as C$68.42 and last traded at C$68.32. Approximately 817,518 shares changed hands during trading, a decline of 38% from the average daily volume of 1,309,402 shares. The stock had previously closed at C$68.10.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group lowered their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a "buy" rating for the company in a report on Friday, June 27th. Stifel Nicolaus lowered their price target on Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a report on Friday, June 27th. Scotiabank lowered their price target on Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating for the company in a report on Friday, June 27th. National Bankshares lowered their price target on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, CIBC lowered their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a 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 data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$83.92.

Alimentation Couche-Tard Stock Up 1.9%

The firm's 50 day simple moving average is C$70.47 and its 200 day simple moving average is C$71.71. The company has a market cap of C$50.12 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 21st will be paid a $0.195 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.78 annualized dividend and a dividend yield of 1.03%. Alimentation Couche-Tard's 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.