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

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by CIBC from C$89.00 to C$87.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Friday, December 20th. Canaccord Genuity Group upped their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. TD Securities reduced their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. BMO Capital Markets lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Finally, Desjardins reduced their target price on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.33.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$71.98 on Tuesday. The stock’s 50 day moving average is C$76.12 and its two-hundred day moving average is 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 company has a market capitalization 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 quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s payout ratio is currently 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.