Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$86.75 Consensus Target Price from Analysts

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$86.75.

A number of equities research analysts have recently issued reports on ATD shares. National Bankshares upped their target price on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Stifel Nicolaus boosted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Desjardins set a C$85.00 price objective on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a research note on Friday, December 19th. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a report on Friday, September 12th. Finally, BMO Capital Markets boosted their target price on Alimentation Couche-Tard from C$78.00 to C$79.00 in a report on Wednesday, November 26th.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD opened at C$73.81 on Friday. 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 1 year low of C$65.95 and a 1 year high of C$80.96. The firm has a market capitalization of C$68.33 billion, a PE ratio of 26.84, a P/E/G ratio of 1.35 and a beta of 0.32. The business’s 50 day moving average price is C$72.58 and its 200-day moving average price is C$72.13.

Alimentation Couche-Tard Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 17th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, December 3rd. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. Alimentation Couche-Tard’s dividend payout ratio (DPR) 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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.