Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$88.58

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two investment 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. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$88.58.

A number of research analysts have issued reports on the company. Scotiabank set a C$91.00 price target on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Friday, December 20th. UBS Group set a C$97.00 price objective on Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. BMO Capital Markets cut their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. CIBC boosted their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. Finally, National Bankshares upped their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th.

Alimentation Couche-Tard Price Performance

Shares of ATD opened at C$72.35 on Thursday. The company has a market cap of C$48.07 billion, a P/E ratio of 18.87, a PEG ratio of 1.35 and a beta of 0.89. The stock has a fifty day moving average price of C$77.44 and a 200 day moving average price of C$77.39. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 12 month low of C$71.31 and a 12 month high of C$87.27.

Alimentation Couche-Tard Increases Dividend

The company also recently announced 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 positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, December 4th. 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.