TD Securities Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$82.00

Alimentation Couche-Tard (TSE:ATD) had its price objective decreased by TD Securities from C$89.00 to C$82.00 in a research report report published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also weighed in on ATD. Canaccord Genuity Group lowered their target price on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. CIBC lowered their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus lowered their target price on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. BMO Capital Markets lowered their target price on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a report on Thursday, March 20th. Finally, Veritas upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a report on Thursday, March 20th. Ten equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$85.33.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$68.35 on Monday. The company has a market capitalization of C$45.41 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.35 and a beta of 0.89. The business’s 50 day moving average is C$70.40 and its two-hundred day moving average is C$74.49. 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 has a 12-month low of C$65.95 and a 12-month high of C$85.53.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 27th. Alimentation Couche-Tard’s payout ratio is 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.