Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$86.75 Average PT from Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$86.75.

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th. BMO Capital Markets upped their target price on Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Wednesday, November 26th. Jefferies Financial Group increased their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Wednesday, November 26th. CIBC lifted their price target on Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Desjardins increased their target price on shares of Alimentation Couche-Tard from C$80.00 to C$85.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th.

Alimentation Couche-Tard Trading Down 0.4%

TSE ATD opened at C$72.77 on Wednesday. The firm has a market cap of C$67.37 billion, a PE ratio of 26.46, a P/E/G ratio of 1.35 and a beta of 0.34. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$81.56. The firm’s fifty day moving average is C$72.35 and its two-hundred day moving average is C$71.92.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th will be issued a $0.215 dividend. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. Alimentation Couche-Tard’s payout ratio is 20.29%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.