Alimentation Couche-Tard (TSE:ATD) Given a C$82.00 Price Target by TD Securities Analysts

TD Securities set a C$82.00 price target on Alimentation Couche-Tard (TSE:ATD - Free Report) in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ATD has been the subject of several other research reports. BMO Capital Markets decreased 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. Stifel Nicolaus decreased their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research report on Friday. Desjardins reduced their price target on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a research note on Tuesday, June 10th. Finally, Canaccord Genuity Group reduced their price target on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research note on Friday, June 20th. Ten analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$83.69.

Alimentation Couche-Tard Stock Performance

TSE ATD traded up C$0.05 on Friday, hitting C$67.69. The stock had a trading volume of 1,387,017 shares, 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 company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The stock has a market cap of C$44.97 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.35 and a beta of 0.89. The company's 50-day moving average is C$71.09 and its two-hundred day moving average is C$72.83.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 21st will be given a $0.195 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.78 annualized dividend and a dividend yield of 1.15%. Alimentation Couche-Tard's dividend payout ratio (DPR) 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.