Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$81.00 by Analysts at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its price objective cut by Canaccord Genuity Group from C$84.00 to C$81.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

ATD has been the subject of a number of other reports. TD Securities cut their price objective on Alimentation Couche-Tard from C$89.00 to C$82.00 and set a “buy” rating for the company in a report on Monday, May 12th. Scotiabank cut their price objective on Alimentation Couche-Tard from C$83.00 to C$80.00 and set an “outperform” rating for the company in a report on Wednesday, May 28th. Desjardins cut their price objective on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a report on Thursday, March 20th. 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 report on Thursday, March 20th. Finally, Veritas upgraded Alimentation Couche-Tard to a “strong-buy” rating in a report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Buy” and an average target price of C$84.33.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at C$70.03 on Friday. The business has a 50-day simple moving average of C$71.22 and a 200 day simple moving average of C$73.38. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$85.53. 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 stock has a market cap of C$46.53 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, March 27th. Alimentation Couche-Tard’s dividend payout ratio is presently 18.26%.

About Alimentation Couche-Tard

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.