TD Securities Boosts Alimentation Couche-Tard (TSE:ATD) Price Target to C$85.00

Alimentation Couche-Tard (TSE:ATD - Free Report) had its price objective boosted by TD Securities from C$82.00 to C$85.00 in a report published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

ATD has been the topic of a number of other research reports. Scotiabank lowered their price target on Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating on the stock in a report on Friday, June 27th. BMO Capital Markets dropped their price target on shares of Alimentation Couche-Tard from C$82.00 to C$76.00 in a research report on Friday, June 27th. National Bankshares dropped their price target on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus cut 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. Finally, Veritas raised shares of 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 MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$83.92.

Alimentation Couche-Tard Price Performance

ATD traded up C$2.08 on Thursday, reaching C$77.51. The company had a trading volume of 2,057,183 shares, compared to its average volume of 1,369,891. Alimentation Couche-Tard has a one year low of C$65.95 and a one 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 fifty day moving average of C$70.47 and a 200-day moving average of C$71.71. The company has a market capitalization of C$51.50 billion, a P/E ratio of 20.22, a PEG ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 21st will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.78 dividend on an annualized basis and a yield of 1.01%. Alimentation Couche-Tard's payout ratio is presently 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.