Alimentation Couche-Tard (TSE:ATD - Free Report) had its target price lowered by Jefferies Financial Group from C$90.00 to C$87.00 in a report published on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also recently commented on ATD. Scotiabank decreased their target price on Alimentation Couche-Tard from C$83.00 to C$80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Canaccord Genuity Group decreased their price target on Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a report on Friday, June 20th. National Bankshares decreased their price target on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. CIBC decreased their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a report on Thursday, March 20th. Finally, Veritas raised Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th. Ten analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$83.69.
Read Our Latest Report on ATD
Alimentation Couche-Tard Stock Performance
Shares of TSE ATD traded up C$0.05 during midday trading on Friday, hitting C$67.69. 1,387,017 shares of the stock traded hands, compared to its average volume of 1,316,554. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The firm has a 50-day moving average of C$71.09 and a two-hundred day moving average of C$72.83. The firm has a market capitalization of C$44.97 billion, a P/E ratio of 17.66, a PEG 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 21st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, July 7th. Alimentation Couche-Tard's dividend payout ratio (DPR) is 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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