Alimentation Couche-Tard (TSE:ATD.B) had its price target boosted by CIBC from C$46.00 to C$50.00 in a research report released on Friday, BayStreet.CA reports.
Several other equities research analysts have also recently weighed in on ATD.B. Desjardins upgraded shares of Alimentation Couche-Tard from a hold rating to a buy rating and increased their price objective for the stock from C$87.00 to C$88.00 in a research report on Friday, August 23rd. BMO Capital Markets upgraded shares of Alimentation Couche-Tard from a market perform rating to an outperform rating and set a C$49.00 price objective for the company in a research report on Monday, November 25th. Raymond James increased their price objective on shares of Alimentation Couche-Tard from C$45.00 to C$49.00 in a research report on Friday. SunTrust Banks increased their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$93.00 in a research report on Friday, September 6th. Finally, TD Securities decreased their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$45.00 and set a hold rating for the company in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of C$61.11.
ATD.B opened at C$43.50 on Friday. Alimentation Couche-Tard has a twelve month low of C$32.45 and a twelve month high of C$44.57. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 95.29. The company has a fifty day moving average of C$40.62 and a 200-day moving average of C$69.74. The stock has a market cap of $37.82 billion and a PE ratio of 24.25.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Wednesday, December 4th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 13.94%.
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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