TD Securities Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$89.00

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by TD Securities from C$90.00 to C$89.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

ATD has been the subject of a number of other research reports. National Bankshares raised their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Desjardins cut their price target on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Canaccord Genuity Group upped their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.50.

Alimentation Couche-Tard Stock Down 0.8 %

TSE ATD opened at C$71.04 on Tuesday. Alimentation Couche-Tard has a 12 month low of C$70.69 and a 12 month high of C$87.27. 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 stock has a market cap of C$47.20 billion, a PE ratio of 18.53, a P/E/G ratio of 1.35 and a beta of 0.89. The stock’s 50 day moving average is C$76.68 and its 200 day moving average is C$77.02.

Alimentation Couche-Tard Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, December 4th. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s payout ratio is 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.