CIBC Increases Alimentation Couche-Tard (TSE:ATD) Price Target to C$89.00

Alimentation Couche-Tard (TSE:ATD) had its target price upped by CIBC from C$88.00 to C$89.00 in a research note released on Thursday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

ATD has been the topic of a number of other reports. BMO Capital Markets decreased their price target on Alimentation Couche-Tard from C$91.00 to C$89.00 and set an outperform rating on the stock in a research note on Friday, March 22nd. Canaccord Genuity Group reduced their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating for the company in a report on Thursday. Desjardins reduced their price objective on Alimentation Couche-Tard from C$86.00 to C$85.00 and set a buy rating for the company in a report on Thursday. TD Securities cut their price target on Alimentation Couche-Tard from C$94.00 to C$90.00 and set a buy rating for the company in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Alimentation Couche-Tard from C$80.00 to C$79.00 in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$86.62.

Alimentation Couche-Tard Trading Down 0.9 %

Shares of ATD stock opened at C$76.77 on Thursday. The business’s 50 day moving average is C$77.41 and its two-hundred day moving average is C$78.75. Alimentation Couche-Tard has a twelve month low of C$64.82 and a twelve month high of C$87.27. The company has a market capitalization of C$73.84 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 111.10.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid 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 yield of 0.91%. Alimentation Couche-Tard’s dividend payout ratio is presently 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.