Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$88.83 Consensus Target Price from Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$88.83.

A number of research firms have recently weighed in on ATD. UBS Group set a C$97.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a research note on Friday, December 13th. Scotiabank set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Friday, December 20th. Canaccord Genuity Group upped their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. Finally, BMO Capital Markets increased their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th.

Alimentation Couche-Tard Trading Down 0.6 %

Shares of TSE ATD opened at C$80.14 on Wednesday. Alimentation Couche-Tard has a fifty-two week low of C$71.31 and a fifty-two week high of C$87.27. The firm has a market capitalization of C$75.97 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. The company’s 50 day simple moving average is C$78.20 and its 200 day simple moving average is C$78.18.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 0.97%. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.09%.

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.