Alimentation Couche-Tard (TSE:ATD.B) Cut to “Hold” at TD Securities

TD Securities cut shares of Alimentation Couche-Tard (TSE:ATD.B) from a buy rating to a hold rating in a research report released on Thursday, BayStreet.CA reports. They currently have C$90.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. National Bank Financial lowered Theratechnologies from an outperform market weight rating to a sector perform market weight rating in a report on Thursday. BMO Capital Markets lifted their target price on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company an outperform rating in a report on Friday, March 22nd. Canaccord Genuity lifted their target price on Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the company a buy rating in a report on Thursday, July 4th. Royal Bank of Canada lifted their target price on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company an outperform rating in a report on Monday, April 15th. Finally, Raymond James set a $28.00 target price on Wheaton Precious Metals and gave the company a buy rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$85.56.

ATD.B stock opened at C$83.77 on Thursday. 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 stock has a market cap of $36.63 billion and a price-to-earnings ratio of 25.78. Alimentation Couche-Tard has a twelve month low of C$59.12 and a twelve month high of C$88.40. The firm’s 50-day moving average is C$84.36.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, July 17th. Alimentation Couche-Tard’s payout ratio is presently 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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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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