Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$88.83 Average PT from Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$88.83.

ATD has been the subject of several analyst reports. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. National Bankshares upped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Friday, December 20th. BMO Capital Markets boosted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Finally, CIBC increased their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th.

Alimentation Couche-Tard Stock Down 1.1 %

ATD stock opened at C$76.00 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The business has a 50 day moving average of C$79.27 and a 200 day moving average of C$78.16. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27. The firm has a market cap of C$72.05 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.03%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, December 4th. Alimentation Couche-Tard’s payout ratio is presently 18.09%.

Alimentation Couche-Tard Company Profile

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.