Scotiabank Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD - Free Report) had its target price reduced by Scotiabank from C$83.00 to C$80.00 in a report published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

ATD has been the topic of several other research reports. BMO Capital Markets dropped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research report on Thursday, March 20th. CIBC decreased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a research note on Thursday, March 20th. UBS Group decreased their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research note on Monday, March 17th. JPMorgan Chase & Co. decreased their price target on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Finally, Desjardins decreased 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 research note on Thursday, March 20th. Ten analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alimentation Couche-Tard presently has a consensus rating of "Buy" and a consensus target price of C$84.75.

Alimentation Couche-Tard Stock Up 1.4%

Shares of ATD traded up C$1.03 during mid-day trading on Wednesday, hitting C$72.63. The company's stock had a trading volume of 2,913,977 shares, compared to its average volume of 1,288,011. The company's 50-day moving average is C$70.57 and its 200-day moving average is C$74.11. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. The firm has a market capitalization of C$48.26 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were given a dividend of $0.195 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.07%. Alimentation Couche-Tard's payout ratio is currently 18.26%.

Alimentation Couche-Tard Company Profile

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.