Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$87.00 at CIBC

Alimentation Couche-Tard (TSE:ATD) had its price target cut by CIBC from C$89.00 to C$87.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. National Bankshares lifted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Canaccord Genuity Group increased their price target on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. BMO Capital Markets lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Finally, UBS Group set a C$97.00 target price on Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$88.33.

Alimentation Couche-Tard Trading Up 1.1 %

Alimentation Couche-Tard stock opened at C$71.98 on Tuesday. The stock has a 50-day moving average price of C$76.12 and a 200 day moving average price of C$76.81. Alimentation Couche-Tard has a 52 week low of C$69.86 and a 52 week high of C$87.27. The stock has a market cap of C$47.82 billion, a PE ratio of 18.77, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were issued a $0.195 dividend. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.78 annualized dividend and a yield of 1.08%. 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.