Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$85.00 at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by Canaccord Genuity Group from C$87.00 to C$85.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Desjardins lowered their price target on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 and set a buy rating for the company in a report on Thursday. National Bankshares lifted their price target on shares of Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the company a sector perform rating in a research report on Friday, June 14th. Scotiabank reduced their price target on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set an outperform rating on the stock in a research report on Friday, March 22nd. CIBC boosted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an outperform rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets dropped their price target on shares of Alimentation Couche-Tard from C$91.00 to C$89.00 and set an outperform rating for the company in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$86.62.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD opened at C$76.77 on Thursday. The company has a market cap of C$73.84 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85. Alimentation Couche-Tard has a 12 month low of C$64.82 and a 12 month high of C$87.27. The company has a debt-to-equity ratio of 111.10, a current ratio of 0.86 and a quick ratio of 0.88. The company has a 50-day simple moving average of C$77.41 and a 200-day simple moving average of C$78.76.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.70 annualized dividend and a dividend yield of 0.91%. Alimentation Couche-Tard’s dividend 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.