Alimentation Couche-Tard (TSE:ATD) Hits New 12-Month Low Following Analyst Downgrade

Alimentation Couche-Tard Inc. (TSE:ATD) reached a new 52-week low during trading on Wednesday after TD Securities lowered their price target on the stock from C$90.00 to C$89.00. TD Securities currently has a buy rating on the stock. Alimentation Couche-Tard traded as low as C$71.25 and last traded at C$71.49, with a volume of 67334 shares trading hands. The stock had previously closed at C$72.01.

ATD has been the topic of several other reports. Scotiabank set a C$91.00 target price on Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Friday, December 20th. Desjardins dropped their target price on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. National Bankshares lifted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Canaccord Genuity Group lifted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Finally, CIBC lifted their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$88.50.

Alimentation Couche-Tard Trading Down 0.7 %

The stock has a market capitalization of C$47.50 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.35 and a beta of 0.89. The business has a 50-day moving average of C$77.07 and a 200-day moving average of C$77.14. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

Alimentation Couche-Tard Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were given a $0.195 dividend. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.78 annualized dividend and a yield of 1.09%. 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.