Alimentation Couche-Tard (TSE:ATD.B) had its price objective upped by CIBC from C$87.00 to C$94.00 in a report published on Thursday, BayStreet.CA reports.
Several other equities analysts also recently commented on the stock. Raymond James set a $28.00 price target on shares of Wheaton Precious Metals and gave the company a buy rating in a research note on Thursday, March 21st. Canaccord Genuity upped their price target on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the company a buy rating in a research note on Thursday, July 4th. National Bank Financial downgraded shares of Theratechnologies from an outperform market weight rating to a sector perform market weight rating in a research note on Thursday. BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company an outperform rating in a research note on Friday, March 22nd. Finally, TD Securities upped their price target on shares of Alimentation Couche-Tard from C$86.00 to C$90.00 and gave the company a buy rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$85.56.
ATD.B stock opened at C$83.77 on Thursday. The company has a debt-to-equity ratio of 78.48, a current ratio of 0.77 and a quick ratio of 0.49. The company has a 50-day simple moving average of C$84.36. Alimentation Couche-Tard has a 52 week low of C$59.12 and a 52 week high of C$88.40. The firm has a market capitalization of $36.63 billion and a P/E ratio of 25.78.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $0.50 dividend on an annualized basis and a yield of 0.60%. Alimentation Couche-Tard’s payout ratio is 15.38%.
Alimentation Couche-Tard Company Profile
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
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