Alimentation Couche-Tard (TSE:ATD) Hits New 52-Week Low After Analyst Downgrade

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) hit 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.

Several other equities research analysts also recently issued reports on ATD. BMO Capital Markets reduced their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. UBS Group set a C$97.00 target price on shares of Alimentation Couche-Tard and gave the stock a "buy" rating in a research report on Friday, December 13th. Scotiabank set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a research report on Friday, December 20th. CIBC increased their price objective on Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Finally, National Bank Financial upgraded Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$88.50.

Alimentation Couche-Tard Trading Down 1.1 %

The firm has a market capitalization of C$46.68 billion, a P/E ratio of 18.33, a PEG ratio of 1.35 and a beta of 0.89. 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 business has a 50-day moving average price of C$76.68 and a 200-day moving average price of C$77.02.

Alimentation Couche-Tard Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were paid 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 dividend on an annualized basis and a dividend yield of 1.11%. Alimentation Couche-Tard's dividend payout ratio is currently 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.