Stifel Nicolaus Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its price target trimmed by Stifel Nicolaus from C$89.00 to C$86.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on the stock. CIBC upped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an outperform rating in a research report on Friday, March 22nd. Scotiabank cut their price target on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set an outperform rating for the company in a research report on Friday, March 22nd. Canaccord Genuity Group cut their price target on shares of Alimentation Couche-Tard from C$94.00 to C$89.00 and set a buy rating for the company in a research report on Friday, March 22nd. National Bank Financial lowered shares of Alimentation Couche-Tard from an outperform overweight rating to a sector perform overweight rating in a research report on Thursday, March 21st. Finally, Desjardins lowered their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 and set a buy rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$86.62.

Alimentation Couche-Tard Stock Performance

TSE ATD opened at C$76.77 on Thursday. The company has a 50-day simple moving average of C$77.41 and a two-hundred day simple moving average of C$78.75. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 111.10. Alimentation Couche-Tard has a 12-month low of C$64.82 and a 12-month high of C$87.27. The firm has a market cap of C$73.84 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.35 and a beta of 0.85.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, July 5th. Alimentation Couche-Tard’s payout ratio is currently 16.99%.

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.