Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$81.00 by Analysts at National Bankshares

Alimentation Couche-Tard (TSE:ATD) had its price objective reduced by National Bankshares from C$86.00 to C$81.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Desjardins dropped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. UBS Group dropped their target price on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. Scotiabank reduced their price target on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Thursday, March 20th. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, CIBC cut their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Alimentation Couche-Tard presently has an average rating of “Buy” and a consensus price target of C$85.92.

Alimentation Couche-Tard Stock Down 0.3 %

ATD stock opened at C$70.56 on Wednesday. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53. The company has a market cap of C$46.88 billion, a price-to-earnings ratio of 18.40, 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. The business has a 50 day moving average price of C$70.66 and a two-hundred day moving average price of C$74.62.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 27th. 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.