Alimentation Couche-Tard (TSE:ATD.B) Price Target Raised to C$90.00

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Alimentation Couche-Tard (TSE:ATD.B) had its price objective upped by National Bank Financial from C$86.00 to C$90.00 in a research note issued to investors on Thursday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other research firms have also issued reports on ATD.B. CIBC set a $5.00 target price on shares of Just Energy Group and gave the company a hold rating in a research note on Thursday, March 21st. Royal Bank of Canada raised their target price on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company an outperform rating in a research note on Monday, April 15th. BMO Capital Markets raised their target price 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. Canaccord Genuity raised their target price 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. Finally, TD Securities raised their target price 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$85.56.

TSE:ATD.B opened at C$83.77 on Thursday. Alimentation Couche-Tard has a 1 year low of C$59.12 and a 1 year high of C$88.40. The firm has a fifty day moving average price of C$84.36. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 78.48. The firm has a market cap of $36.63 billion and a price-to-earnings ratio of 25.78.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, August 1st will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $0.50 annualized dividend and a yield of 0.60%. Alimentation Couche-Tard’s dividend payout ratio is 15.38%.

About Alimentation Couche-Tard

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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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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